Apar Industries has received approval for incorporation of Wholly Owned subsidiary (WOS) in Brazil to trade in Conductors, Rods, Cable accessories, Speciality oils and Lubricants. The said proposed WOS shall be incorporated in the name of ‘Apar LATAM Limitada’ or such other name as may be approved by the authorities in Brazil with minimum Capital of $150,000. The company shall hold 100% of the share capital of the wholly owned subsidiary post its incorporation. The Board of Directors of the Company at its meeting held on January 30, 2024, has approved the same.
Apar Industries is one among the best established companies in India operating in the diverse fields of electrical, metallurgical and chemical engineering.
