Apar Industries to establish its subsidiary in Saudi Arabia

Apar Industries Ltd disclosed in a stock exchange filing that the company’s board has approved the establishment of a wholly-owned subsidiary company in Saudi Arabia named Apar Industries Middle East Ltd.

The limited liability company will engage in the production of lubricants for equipment and engines. Approvals or registrations from the concerned local authorities in Saudi Arabia to commence the operations are awaited, as per the stock exchange filing.

The company’s stock closed lower by 1.28 per cent on the NSE at ₹6,940 on Thursday’s trade.

Crime Today News | Markets | Commodities | Forex | Stocks

Source | Powered by Yes Mom Hosting
Crime Today News Agency

Crime Today News

Welcome to Crime Today News, your trusted source for timely and unbiased news coverage. Since our inception in 2014, we have been dedicated to delivering the latest updates to our valued readers and viewers across Telangana.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *