Announced Mon, 27 Apr · 18:55 IST
Anant Raj to set up wholly owned cloud subsidiary in Singapore
ANANTRAJ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.7%1-day move
₹500.90
prior close
₹500.90
base price
After-mkt
timing
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AI summary
Anant Raj Limited's Finance and Investment Committee approved incorporating a wholly owned subsidiary, Anant Raj Cloud Singapore Pte. Ltd., in Singapore. The entity will provide data center, co-location and cloud services including AI, supporting the company's data center business. Initial subscription is 1,000 shares of SGD 1 each (SGD 1,000 total) via cash. Anant Raj will hold 100% shareholding, with share capital to be increased post-incorporation.
Likely market impact
Positive for shareholders as the company expands its data center and cloud business internationally through a wholly owned Singapore subsidiary.