By: ICN Bureau
Last updated : February 23, 2025 8:13 pm
The US subsidiary will focus on the processing, distribution, and sale of chemical solutions
Vinati Organics has announced the incorporation of its wholly owned subsidiary, Vinati Organics USA Inc, in Delaware, United States.
The new entity was incorporated on 13 February 2025, with an authorized share capital of 5,000 shares at $100 par value each.
The US subsidiary will focus on the processing, distribution, and sale of chemical solutions, including raw material acquisition and processing into finished goods. The corporation can further engage in any other lawful business purpose. Further it can also do manufacturing & sale of Vinati Organics Ltd. Products and to explore other opportunities in the US market.
The company has initially subscribed to 10 shares at $100 per share in cash consideration, maintaining 100% ownership of the subsidiary.
The expansion aligns with Vinati Organics strategy to explore opportunities in the US market and enhance its specialty chemicals business presence. The subsidiarys incorporation complies with Indias Foreign Exchange Management Regulations, Reserve Bank of India guidelines, and applicable US regulatory requirements.