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India Pesticides Limited announces incorporation of new subsidiary Amona Specialities Private Limited
Jan. 9, 2024
India Pesticides Limited
IndiaFollow
IndiaIndia Pesticides Limited (IPL) has announced the incorporation of a new subsidiary company named Amona Specialities Private Limited (ASPL) on January 4, 2024.
The new entity has an authorized capital of Rs. 1 crore and subscribed capital of Rs. 1 crore. India Pesticides Limited holds 51% shares in Amona Specialities Private Limited (ASPL).
As per the disclosure by IPL, ASPL has an asset-light business model whereby it will focus on identifying generic molecules preparing dossiers, seeking registrations, marketing and distributing formulations/technical through third-party distributors or its own sales force.
Source: India Pesticides Limited
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