BS Transcomm gets nod for incorporating WOS in Singapore

BS Transcomm has received an approval for the incorporation or floating of wholly owned subsidiary (WOS) company (Finance / Capital) in Singapore and Green Power Company in India. The company has received an approval at its board meeting held on August 10, 2011.

Further, the company has also received an approval of issue of corporate guarantee in favour of Financial Institutions / Banks for raising of funds required by WOS / SPV Companies / JV Companies and other subsidiaries, subject to the conditions of section 372A of companies act, 1956.

BS TransComm is engaged in the business of manufacturing and supply of towers to the telecommunication and the power sector in India with a pan India presence in 19 out of the 23 telecom circles.