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Outcome of board meeting of Modern India

Capital Market 

Held on 04 November 2019

The Board of Directors of Modern India at its meeting held on 04 November 2019 has transacted the following -

Modern International (Asia) , a wholly owned subsidiary of the Company has incorporated a new company in Vietnam naming Modern International (Vietnam) Company with the investment of USD15000. In view of this, Modern International (Vietnam) Company being subsidiary of the Modern International(Asia) now becomes a step down subsidiary of the Modern India.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 04 2019. 18:43 IST