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Spacenet Enterprises India incorporates subsidiary company

23 Dec 2021 Evaluate

Spacenet Enterprises India has incorporated a wholly-owned subsidiary company namely ‘SPACENET IFSC’ on December 21, 2021. The company has incorporated a wholly-owned subsidiary to carry out the business of Trading, Merchant Trading, Import & Export, Trade Technology and related activities. Nature of consideration is 100% subscription to the paid-up share capital in cash. The Company will subscribe to 1,00,000 Equity shares at the face value of Rs 1 each aggregating to Rs 1 lakh in cash.

Spacenet Enterprises India is primarily engaged in trading of commodities.

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