Touchwood Entertainment (TOUCHWOOD) — Announcement

Touchwood Entertainment Limited announced it has received regulatory approval to incorporate a wholly owned subsidiary, TouchTown Ventures Private Limited, to develop real estate projects. The new entity will be capitalized with ₹100,000 authorized share capital and 70% of its equity will be held by Touchwood. The subsidiary will focus on real estate development, construction, and property management, with initial cash investment of ₹70,000 to acquire the stake. This strategic move expands the company's operational footprint into real estate development while maintaining control through majority ownership.

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About Touchwood Entertainment Limited (TOUCHWOOD)

Consumer Services · Other Consumer Services · Listed on NSE

Market Cap: ₹80.14 Cr P/E: 15.3

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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