GSS Infotech Ltd Incarnates New Wholly Owned Subsidiary POLIMERAAS RETAIL PRIVATE LIMITED
GSS Infotech Ltd has expanded its business structure by incorporating a wholly owned subsidiary named POLIMERAAS RETAIL PRIVATE LIMITED. The company holds a significant stake in the new entity, solidifying its commitment to the retail sector.Details of GSS Infotech's investment in POLIMERAAS RETAIL PRIVATE LIMITED are as follows:
| Investment Detail | Value/Figure |
|---|---|
| Subsidiary Name | POLIMERAAS RETAIL PRIVATE LIMITED |
| Total Investment Amount | Rs. 49,99,990 |
| Shares Held by GSS Infotech | 4,99,999 |
| Face Value per Share | Rs. 10 |
| Total Authorized Share Capital (of the subsidiary) | Rs. 50,00,000 |
The incorporation of POLIMERAAS RETAIL PRIVATE LIMITED marks a strategic step for GSS Infotech Ltd, which now operates this new entity as a wholly owned component of its corporate structure.
GSS Stock Price Movement
Today, GSS Infotech Limited shares edged higher in the market to close at ₹12.35, gaining 1.96%. The stock finished after trading within an intraday range, finding a high of ₹12.56 but completing above its day low of ₹12.01.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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