Deepak Fertilisers incorporates wholly-owned subsidiary in Singapore

Deepak Fertilisers & Petrochemicals Corporation Limited (BSE: DEEPAKFERT) has announced the incorporation of a wholly-owned subsidiary, Deepak Globalchem Pte. Ltd., in Singapore, effective April 23, 2025. The new entity will focus on the purchase and sale of commodities. Deepak Globalchem Pte. Ltd. has an initial investment of USD 10,000. The company confirmed that this transaction falls within the definition of a related party transaction. Deepak Fertilizers has also confirmed the information is available on its website.