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Laxmi Organic Industries gets nod to set up WOS company in US

19 May 2021 Evaluate

Laxmi Organic Industries’ board has approved proposal to set-up a Wholly Owned Subsidiary (WOS) company in Delaware, United States. The WOS will be engaged in trading of chemical products manufactured by the company. The company shall invest in the WOS either in equity or by way of loan for an amount not exceeding $1.00 million. The Board of Directors of the company at its meeting held on May 18, 2021 has approved the same. 

Laxmi Organic Industries is a leading manufacturer of acetyl intermediates and specialty intermediates and solvents catering to diverse end-market sectors like pharmaceuticals, agrochemicals, food packaging, pigments and coatings.

Laxmi Organic Inds. Share Price

142.25 -0.45 (-0.32%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 3703.10
Tata Chemicals 709.05
SRF 2493.65
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