Trans India House Impex zooms on getting nod to incorporate subsidiary company in Dubai
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Trans India House Impex is currently trading at Rs. 22.78, up by 1.76 points or 8.37% from its previous closing of Rs. 21.02 on the BSE.
The scrip opened at Rs. 21.98 and has touched a high and low of Rs. 22.93 and Rs. 20.11 respectively. So far 64535 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 44.95 on 22-Feb-2024 and a 52 week low of Rs. 16.50 on 11-Oct-2024.
Last one week high and low of the scrip stood at Rs. 25.00 and Rs. 20.00 respectively. The current market cap of the company is Rs. 81.00 crore.
The promoters holding in the company stood at 55.35%, while Institutions and Non-Institutions held 0.03% and 44.62% respectively.
Trans India House Impex has received approval for Incorporation of a subsidiary company under the name and style ‘Trans India House Impex Limited LLC’ or such other names as may be approved by the Regulatory and Registration Authority in Dubai, UAE subject to necessary compliances and reporting’s under the Companies Act, 2013 and Foreign Exchange Management Act, 1999.
The company shall subscribe 100% of the total paid up share capital, voting rights and beneficial ownership in the subsidiary company. The subsidiary company shall carry out the activities related to Trading of Textiles, Food Items, Ceramic Tiles, Fabrics, Dehydrated Vegetables and Fruits, and other related products.
The Board of Directors of the company at their meeting held on November 12, 2024, has approved the same.
Trans India House Impex (TIHIL), formerly known as IO System, is a service-oriented export trading company providing domestic and international companies the opportunity to import and export products to new and existing markets.
