WS Industries (India) has received approval for execution of share subscription agreement for subscribing to the equity shares in its subsidiary WS T&D by Abhishaya Infrastructure. The agreement contemplates the allotment of 48,135 equity shares of W.S. T&D constituting 49% of equity share capital of WS T&D. The Board of Directors of the Company at its meeting held on March 27, 2019 has approved the same.
WS Industries (India) is engaged in the manufacture of high voltage electro-porcelain transmission and sub-station insulators for the electrical transmission and distribution sector.
