Wistron Infocomm increases authorised share capital in India; signals capital infusion
Wistron Infocomm Manufacturing India, an original equipment manufacturer (OEM) and original design manufacturer (ODM), has increased its authorised share capital from Rs 1.85 billion to Rs 30 billion, thereby signalling a fresh round of capital infusion in the country. This alteration in the capital clause was approved at the company’s recent extraordinary general meeting (EGM).
As per a Registrar of Companies (RoC) filing, the authorised share capital of Rs 30 billion would be divided into 3 billion equity shares with the face value of Rs 10. Further, Wistron’s wholly-owned subsidiary SMS Infocomm Singapore has been allocated 103 million shares worth Rs 1.03 billion.
Besides this, Wistron is also planning to invest about Rs 30 billion in Narasapura industrial area in Kolar district, which would be one of the biggest projects of its kind in India.
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