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Sats Ltd Announces Increase In Issued And Paid-up Share Capital Of Fassco International (india) Private Limited


Monday, 23 Sep 2013 08:56am EDT 

SATS Ltd announced that its indirect subsidiary, FASSCO International (India) Private Limited (FASSCO India) has increased its issued and paid-up share capital from INR4,423,000 to INR13,000,000 by way of an allotment and issuance of 857,700 new ordinary shares at INR10 per share (the New Shares) for a cash consideration of INR8,577,000 (approximately SGD172,000). Following the allotment of the New Shares, the shareholders of FASSCO India, Food And Allied Support Services Corporation Pte. Ltd. (FASSCO) and FASSCO International (Australia) Pty Ltd (FASSCO Australia), will continue to hold approximately 99% and 1% equity in FASSCO India respectively. FASSCO Australia is a wholly owned subsidiary of FASSCO. 

Company Quote

3.13
-0.01 -0.32%
10 Jul 2014