Satchmo Holdings Limited has invested INR 9,00,000 (9 Cr) in Satchmo Foods Private Limited by subscribing to 90,000 equity shares at INR 10 each during its rights issue.

Satchmo Foods is a wholly owned subsidiary newly incorporated in the food and catering industry.

This investment reflects Satchmo's commitment to expanding its operations in this sector, positioning itself for future growth and market engagement.

The addition of this subsidiary aligns with Satchmo’s strategic objectives, potentially enhancing shareholder value.