Evexia Lifecare to incorporate new subsidiary in Dubai; Stock gains over 1.5%

The proposed wholly-owned subsidiary company to be incorporated in Dubai will mainly carry on the business of pharmaceuticals.

Jul 12, 2021 12:07 IST India Infoline News Service

Evexia Lifecare Limited is planning to incorporate a Wholly Owned Subsidiary in Dubai, United Arab Emirates. The proposed wholly-owned subsidiary company to be incorporated in Dubai will mainly carry on the business of pharmaceuticals.

“As the wholly-owned subsidiary is proposed to be incorporated, the name of the target entity is yet to be decided by the management. The capital structure would be of about 50,000 Dirhams,” company said in a filing on Saturday.

Ata round 12.41 pm, Evexia Lifecare Limited was trading at Rs106.25 per piece up Rs1.70 or 1.63% on the BSE. 

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