Integrated Proteins incorporates wholly owned US subsidiary Terranexa Agtech
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Integrated Proteins has incorporated a wholly owned subsidiary named Terranexa Agtech Inc in New Jersey, USA. The new entity will offer agricultural technology services in the US market. Both authorized and paid-up capital stand at USD 1,000 (about Rs 95,000), split into 1,000 shares of USD 1 each. The company funded the incorporation in cash at face value and will hold 100 percent stake. The move aims to tap growth opportunities in US agricultural technology. Approvals from the RBI and relevant US authorities were obtained.
Tiny capital outlay of about Rs 95,000 means limited immediate financial impact. Signals intent to expand into US agri-tech, offering long-term growth optionality for shareholders.