Fluidomat gets ICICI Bank's nod for investment in overseas arm

29 Feb 2020

Fluidomat has received approval from ICICI Bank for making investment of GBP 17500 (Rs 16.30 lakhs approximately) in its wholly owned subsidiary -- Fluidomat UK. Now the company can remit the aforesaid fund as a part of share subscription and due to which the WOS can commence its business.

Fluidomat manufactures a wide range of fixed speed and variable speed fluid couplings for industrial and automotive drives.

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