Board of Sat Industries decides to invest Rs 7.50 crore in subsidiaries

At meeting held on 24 December 2016

Sat Industries announced that the Board of Directors of the Company at its meeting held on 24 December 2016, inter alia, has considered and decided:

1. To incorporate wholly owned subsidiary Company in UAE to carry on business of Global Trading and also to consolidate / re-structure the existing business into this new Company. Further Company has decided to invest up to Rs 50 lakh in this Company.

2. To make further investment up to Rs 7 crore in Italica Ventures, a wholly owned subsidiary.

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