Mars Medical Devices Ltd invests further in Singapore subsidiary

Shalby Limited's Wholly-owned Subsidiary Mars Medical Devices Limited (MMDL) has further subscribed 2,00,000 equity shares of SGD 1 each in MMDL'S Subsidiary - Shalby Global Technologies Pte. Ltd., Singapore (SGTPL), and remitted funds for the same on December 1, 2022. SGTPL is a subsidiary of Mars Medical Devices Limited and a Step-down Subsidiary of the Company. With the aforesaid investment, shareholding of MMDL in SGTPL is now increased to 99.16% from earlier 98.99%.

Shalby Global Technologies Pte. Ltd. has been incorporated on May 3, 2021 at Singapore for the purpose of Whole-sale Trading of Implant and Medical Equipment.

Shares of Shalby Limited was last trading in BSE at Rs. 151.55 as compared to the previous close of Rs. 149.55. The total number of shares traded during the day was 15829 in over 525 trades.

The stock hit an intraday high of Rs. 152.50 and intraday low of 147.55. The net turnover during the day was Rs. 2378626.00.

Source : Equity Bulls

Keywords

Shalby INE597J01018 HealthcareFacilities MarsMedicalDevices FurtherInvestment