Divgi TorqTransfer Systems incorporates Wholly-Owned Subsidiary in United States of America
Divgi TorqTransfer Systems Limited has completed the incorporation of a wholly-owned subsidiary in the United States of America, establishing its presence in the global market. The new entity has been officially registered in Delaware.The newly incorporated company is named Divgi Transmission Technologies And Systems Inc., and it holds its registered office at 8th Green Street in DOVER, County of Kent. This move positions the subsidiary within the competitive Automotive Industry sector.
Divgi TorqTransfer Systems Limited will serve as the holding company for the proposed foreign subsidiary. The primary focus of the new entity is Advanced Business Development, Sales, marketing, promotion, and distribution services.
The incorporation provides a 100 percent subscription to the share capital, classified as an Overseas direct investment. This structure confirms that Divgi Transmission Technologies And Systems Inc. will operate as a wholly-owned subsidiary (WoS) of the listed company.
Details regarding the establishment and nature of the subsidiary are summarized below:
| Particulars | Details |
|---|---|
| Subsidiary Name | Divgi Transmission Technologies And Systems Inc. |
| Incorporation Date | June 04, 2026 |
| Country of Incorporation | United States of America |
| Industry Sector | Automotive Industry |
| Business Line | Advanced Business Development, Sales, marketing, promotion and distribution |
The subsidiary has been incorporated under the applicable provisions of the Foreign Exchange Management Act & Regulations and Reserve Bank of India guidelines. The transaction falls under related party transactions, as the entity was created as a wholly-owned structure by the Company.
DIVGIITTS Stock Price Movement
Shares of Divgi Torqtransfer Systems Limited slipped on Thursday after shedding 0.76%, closing at ₹855.25 following a decline of ₹6.50. The equity traded within the day's narrow range, hitting a low of ₹848.6 from its high of ₹870, with 27,864 shares recorded in trade.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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