Zodiac Clothing's UAE arm incorporates USA based subsidiary; Stock gains 1.5%

The company informed that the incorporation of Zodiac Clothing Company INC by Zodiac Clothing Company (U.A.E.) LLC was done on May 11.

May 18, 2021 12:05 IST India Infoline News Service

Acquisition Concept
Zodiac Clothing Company Limited informed the exchanges Monday that the company’s wholly-owned first level Step Down Subsidiary Zodiac Clothing Company (U.A.E.) LLC has incorporated a Wholly Owned Subsidiary called Zodiac Clothing Company INC (ZCCI) in Delaware, USA.

The company said the incorporation was done on May 11, 2021, and the information of which was received by us on May 17, 2021.

At around 12.11 PM, Zodiac Clothing Company Ltd was trading at Rs97.00 per piece up Rs1.45 or 1.52% from its previous closing of Rs95.55 per piece on the BSE.

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