SINGAPORE (Dec 28): SATS says wholly-owned subsidiary SATS Investments (II) (SIPL2) has subscribed to a 49% stake in Mumbai Cargo Service Center Airport Private Ltd (MCSC).
MCSC is a newly-incorporated company which is wholly-owned by Cargo Service Center India (CSC).
Under the subscription agreement executed with CSC on Tuesday, SIPL2 has subscribed for 1.4 million new shares of MCSC for S$1.03 million in cash... (Click here to read the full story.)