Amir Chand Jagdish Kumar (Exports) (NSE:AMIRCHAND, BOM:544743) incorporated a wholly owned subsidiary in Singapore, named Aeroplane FMCG Pte. Ltd., according to a Friday filing.
The subsidiary will operate in the fast-moving consumer goods segment and deal in rice and FMCG products, the filing said.
Amir Chand Jagdish Kumar subscribed to 500 shares with a face value of $1 each in the subsidiary, it added.