Ami Organics forms new wholly-owned subsidiary; Stock marginally up

4 Jul 2022 , 01:22 PM

Ami Organics Limited has informed that the Company has incorporated a Wholly Owned Subsidiary namely, “AMI ORGANICS ELECTROLYTES PRIVATE LIMITED” on June 30, 2022 under the provisions of Companies Act, 2013.

As per the filing, Ami Organics Electrolytes Private Limited shall commence its business operations in Chemical industry.

Ami Organics Electrolytes Private Limited is incorporated with the object to venture into manufacturing of Electrolytes for cells used in energy storage devices and other chemical substances and is in line with the business of Ami Organics Limited.

At around 1:23 PM, Ami Organics was trading at Rs872 per share up by Rs3.55 or 0.41% from its previous closing of Rs868.45 per share on the BSE.