Deepak Fertilizers And Petrochemicals Corporation Limited has informed the Exchange about Acquisition/ Incorporation of a wholly-owned subsidiary in Singapore viz Deepak Globalchem Pte. Ltd. on 23rd April, 2025.
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Deepak Fertilizers and Petrochemicals Corporation has set up a new wholly-owned subsidiary in Singapore named Deepak Globalchem Pte. Ltd. on April 23, 2025. The subsidiary is fully owned by the parent company with no external investors involved. The move appears aimed at expanding the company's international footprint, likely in the chemicals segment given the subsidiary's name. No financial details or capital commitment have been disclosed in this filing.
This is a routine international expansion step through a wholly-owned structure, giving the company full control over the new entity. It may support future global growth in chemicals but is unlikely to cause any immediate material impact on the stock price.