Symphony's Singapore based wholly-owned-subsidiary Sylvan Holdings, a thinly capitalized company with capital of $ 0.65 million has proposed to increase its share capital up to $ 5.15 million, which Symphony has decided to subscribe fully in different tranches by June 2013. These proceeds are meant to be used towards share subscription/loan of/to its subsidiary Impco S De R.L. de CV, Mexico, for its business needs.
Symphony is a publicly traded company established in 1988 in India with a manufacturing base in North America, offering products in over 60 countries.
