Corporate News     18-Dec-23
Shalby's subsidiary to invest in Shalby Global Technologies, Singapore
Shalby announced that the Board of Directors of Companyfs Wholly]owned Subsidiary Mars Medical Devices (MMDL) has, at its meeting held today i.e. 18 December 2023 approved to invest 2,00,000 Preference Shares of SGD 1 each in Shalby Global Technologies, Singapore (SGTPL).

SGTPL is a subsidiary of Mars Medical Devices and a Step]down Subsidiary of the Company. With the aforesaid investment, preference shareholding of MMDL in SGTPL will be 100% and there will not be any change in equity shareholding and remained at 99.33%.

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