2 stories mentioning BOM:543812Updated 25d ago
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Divgi TorqTransfer Systems (NSE:DIVGIITTS. BOM:543812) has appointed Kishor Hole as chief information officer, with effect from Wednesday, according to a same-day filing to the Indian stock exchanges.Hole has over 20 years of experience and before joining Divgi, he served as the general manager - information technology at Sany Heavy Industry India.
Divgi TorqTransfer Systems (NSE:DIVGIITTS, BOM:543812) said its board has approved the incorporation of a wholly-owned subsidiary in the United States, according to an Indian bourse filing on Monday.Shares of the company jumped over 7% in Tuesday's trade.The company will invest up to 30 million Indian rupees in one or more tranches through equity or other share instruments to support the subsidiary's capital requirements and working capital needs, the filing said.The U.S.-based unit will undertake business development, marketing, promotion, sales, and distribution activities, according to the company filing.
