Subsidiary Details
- Name: Seva By Tara Foundation
- Company Size: Authorized and Paid-up capital of ₹10,00,000
- Turnover: Not applicable
- Industry: Section 8 Company (non-profit)
- Business Objects: Veterinary activities, educational support services, other social work activities without accommodation n.e.c.
- Ownership Structure: 100% wholly owned subsidiary
Transaction Details
- Consideration: Cash consideration towards subscription of 99,980 equity shares
- Share Price: ₹10 per share
- Total Investment: ₹999,800 for 99,980 shares (of total 100,000 shares)
- Percentage Acquired: 100% ownership
Regulatory Requirements
- The incorporation is subject to approval from the concerned office of the Ministry of Corporate Affairs
- Indicative time period for completion cannot be specified
Related Party Aspects
Once incorporated, Seva By Tara Foundation will be a related party of the company as a wholly owned subsidiary.
Background Information
Not applicable since the company is not yet incorporated. No historical financial information or operational history is available.
Financial Impact
The disclosure does not quantify the financial impact beyond the initial investment amount of ₹999,800.