20 Microns Limited has informed the Exchange that Board approved the acquisition of 14 equity shares of 20 Microns (Malaysia) Sdn. Bhd., a foreign subsidiary of the Company, to make it a wholly-owned subsidiary of 20 Microns Limited.
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20 Microns Limited's Board has approved buying 14 equity shares of its existing foreign subsidiary, 20 Microns (Malaysia) Sdn. Bhd. The acquisition will convert the Malaysian entity into a wholly-owned subsidiary of the Indian parent. No financial details or share price for the 14 shares have been disclosed in this filing. The move appears to be a consolidation step rather than a fresh market entry, since the Malaysian firm was already part of the group.
This is a small, internal consolidation with limited financial impact, but it gives 20 Microns full operational and financial control over its Malaysian subsidiary, simplifying group structure and decision-making.