Seamec informed the exchange that the Board of Directors, in its meeting held on March 18, 2023, inter- alia, approved the proposal for setting up of a wholly owned subsidiary and step-down subsidiaries of the Company in UK for establishing a global operations office.
The proposal said that SEAMEC UK Investments Limited would be capitalised at GBP 1.85 Million (INR 18.6 crore) to help expand Seamec’s global operations.