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Remsons Industries incorporates step down wholly owned subsidiary

28 Aug 2020 Evaluate

Remsons Industries has incorporated step down wholly owned subsidiary namely, ‘Remsons Automotive’ on August 26, 2020. Remsons Automotive is incorporated in England and Wales as a step down wholly owned subsidiary of the Company with an initial subscription of 100 shares of 1 British pound sterling each by Remsons Holdings wholly owned subsidiary of the Company.

Remsons Industries is engaged in the manufacture of cables, flexible shafts, gear shift systems, push pull cables and park brake mechanisms. The product range of the company includes Cables- The company manufactures cables for two-wheelers, three-wheelers, four-wheeler, commercial vehicles, construction equipments, mining equipment and farm equipments.

Peers
Company Name CMP
SamvardhanaMotherson 164.45
Tube Investments 2552.95
Bosch 47780.00
UNO Minda 1230.00
Bombay Burmah Trdg. 1432.00
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