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Camlin forms 100% subsidiary

January 17, 2003 16:39 IST

Camlin Ltd has informed BSE that a 100% subsidiary company under the name & styled as Camlin North America, INC USA, has been incorporated on November 12, 2002. This company is only an indenting agent for dispatching Company's products. Camlin is considering this proposal as one of its efforts to increase sales. However, this does not involve a material charge to the business of the Company.

BSE Code: 523207