Pritika Auto Subsidiary Invests $50k in US Firm

Pritika Engineering Components invests USD 50,000 to acquire 100% of US-based Omnia Engineering Inc.
The investment makes Omnia a wholly-owned step-down subsidiary of listed parent Pritika Auto Industries.
Transaction is classified as a related party transaction but conducted at arm's length basis.
Omnia Engineering is a newly incorporated Delaware company yet to commence operations.