Announced Fri, 19 Jun · 12:21 IST
DMR Engineering incorporates 70 percent subsidiary in Bhutan for consultancy services
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
+9.2%1-day move
₹32.50
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+9.2—+1.5——+1.5-7.7-17.6——
Up moveDown movePending
AI summary
DMR Engineering has incorporated DMR Services Private Limited in Thimphu, Bhutan as a 70 percent subsidiary. The company subscribed to 1,75,000 shares at BTN 100 each, totaling about BTN 1.75 crore in cash. DMR Services will provide engineering and technical consultancy services, aligned with the parents main business. Authorized capital is BTN 40 crore and paid-up capital is BTN 2.5 crore. Operations have not yet commenced. The transaction is not a related party deal.
Likely market impact
Geographic expansion into Bhutan in core business area; modest investment, not a related party transaction; no immediate material impact expected.