Wholly owned subsidiary renamed from Satchmo Services to REDSOX Service Company
Satchmo Holdings Ltd informed BSE that its wholly owned subsidiary, Satchmo Services Private Limited, has been renamed REDSOX SERVICE COMPANY PRIVATE LIMITED.
By ScoutQuest · · 1 min read
- Subsidiary - Previous Name
- Satchmo Services Private Limited
- Subsidiary - New Name
- REDSOX SERVICE COMPANY PRIVATE LIMITED
- Registered Office and Object
- remain the same
What was announced
- The wholly owned subsidiary of the company, earlier named Satchmo Services Private Limited, now carries the name REDSOX SERVICE COMPANY PRIVATE LIMITED.
- The registered office address of the subsidiary remains the same.
- The object of the subsidiary remains the same.
- The Board of Directors of the company considers this information material.
What a name change means
A subsidiary's name is its legal identity in documents, registrations and dealings. Changing the name does not by itself change who owns the subsidiary. The announcement describes it as a wholly owned subsidiary, so it continues to sit fully under the parent company.
What stays the same
The company specifically states that the registered office address and the object of the subsidiary are unchanged. In simple terms, the place from which it operates and the business purpose for which it was set up are as before.
Why the company disclosed it
The Board is of the opinion that this information is material, and the company is sharing it with the exchanges for the benefit of investors and other stakeholders.
What a retail investor can take away
This is an identity update about a group entity rather than a change in ownership, assets or operations as described in the announcement. When reading future company communications, the new name REDSOX SERVICE COMPANY PRIVATE LIMITED refers to the same subsidiary that was earlier called Satchmo Services Private Limited.
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