Wabco India incorporates new subsidiary ZF CV Control Systems Manufacturing

6 Jan 2022 , 11:15 AM

Wabco India Limited has incorporated a wholly-owned subsidiary namely ZF CV Control Systems Manufacturing India Private Limited.

The company will subscribe to 10 lakh equity shares at the face value of Rs10 each aggregating to Rs1cr in cash.

“It is contemplated that ZF CV Control Systems Manufacturing India Private Limited shall carry on the business of manufacture, buy, sell and trade-in auto ancillary parts (commercial vehicle control systems) for domestic and export markets and providing all services and utilities for the same and/or to carry out other related activities,” company said in a filing on Wednesday.

As per the certificate of incorporation dated January 5, 2022 issued by the Registrar of Companies, Central Registration Centre, Ministry of Corporate Affairs. The date of incorporation of wholly owned subsidiary is January 5, 2022, it added.

At around 11.19 am, WABCO India Ltd was trading at Rs8,597 per share down by Rs4.45 or 0.05% from its previous closing of Rs8,601.45 per share on the BSE.