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Board of KEI Industries approves setting up subsidiary in Australia

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Capital Market
Last Updated : Dec 11 2015 | 12:02 AM IST

At meeting held on 09 December 2015

KEI Industries announced that the Board of Directors of the Company at its meeting held on 09 December 2015, have considered and approved setting up a wholly owned subsidiary ("WOS") of the Company in Australia.

The purpose of setting up of the said subsidiary is to bid Cable Supply Tenders and Turnkey Cable Projects/Contracts and such other business opportunities as determined by the Company from time to time. The Company will now proceed to take necessary steps as required under the applicable laws for setting up wholly owned subsidiary ("WOS") Company in Australia.

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First Published: Dec 10 2015 | 10:33 AM IST

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