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Sat Industries to incorporate wholly owned subsidiary company in UAE

26 Dec 2016 Evaluate

Sat Industries has received an approval to incorporate a wholly owned subsidiary company in UAE to carry on business of Global Trading and also to consolidate / re-structure the existing business into this new company. The board of directors at its meeting held on December 24, 2016 has approved for the same. The board has also approved to make further investment up to Rs 7 crore in Italica Ventures, a wholly owned subsidiary.

Sat Industries has presence in a wide range of activities such as manufacturing, global outsourcing of products & services, real estate, mining and marketing activities in the field of coals.



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