Ashapura Intimates Fashion Ltd Enters Into Share Subscription agreement With Momai Apparels Private Ltd
Ashapura Intimates Fashion Ltd announced that the Company has entered into the Share Subscription agreement with Momai Apparels Private Ltd as on January 23, 2013 where in it is mentioned that for the consideration money of INR15,925,000, the Ashapura Intimates Fashion Ltd gets the allotment of 1,592,500 number of equity shares in Momai Apparels Private Limited. By virtue the said agreement, the Company will hold 51% Equity Shares of Momai Apparels Private Limited. As on May 27, 2013 the Company get allotted 1592500 no. of shares, so by virtue of this agreement Momai Apparels Private Ltd become the subsidiary company of the Ashapura Intimates Fashion Limited as Ashapura Intimates Fashion Limited Subscribed 51% of paid up capital of the Momai Apparels Private Ltd.
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