EMIAC Technologies sets up wholly owned US arm EMIAC Inc
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EMIAC Technologies' board has approved acquiring 100% equity of newly incorporated EMIAC Inc., Delaware, USA, making it a wholly owned subsidiary. Cash consideration is USD 100, equal to 10 million shares at par value USD 0.00001. EMIAC Inc. was set up on 15 September 2026 and has no turnover yet. The US arm will focus on e-commerce software, SEO automation, and digital ad analytics to capture global customer demand. Investment is routed under RBI automatic overseas route.
Sets up US foothold for global expansion. Initial deal size is nominal, so future capital infusion and execution will drive value. Watch for further updates.