Greenlam Industries Ltd - 538979 - Announcement under Regulation 30 (LODR)-Acquisition
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), this is to inform you that a company under the name 'LIMITED LIABILITY COMPANY GREENLAM RUS' (abbreviated name being 'GREENLAM RUS LLC') has been incorporated on November 02, 2020 in Russian Federation, to carry out, inter alia, the business of marketing and distribution of decorative laminates and other paper and / or wood based products. In the said GREENLAM RUS LLC, Greenlam Asia Pacific Pte. Ltd. (a wholly-owned subsidiary of Greenlam Industries Limited, in Singapore) holds 99% shares, and balance 1% share is held by Greenlam Industries Limited. Accordingly, the said GREENLAM RUS LLC has become a step-down subsidiary of Greenlam Industries Limited upon its incorporation. Please refer the attachment for complete details.03-11-2020