Manorama Industries Limited — Important, 19-10-2024: Updates

Manorama Industries Limited has incorporated a wholly-owned subsidiary, "MANORAMA BURKINA SARL," in Burkina Faso. The subsidiary was established with a paid-up capital of CFA 20,00,000 and aims to expand the company's business operations. The entity operates in the food and cosmetic trading industry, and the acquisition was made with a cash consideration representing 100% of the initial paid-up capital.