Anant Raj Limited is establishing its first overseas subsidiary in Singapore as it looks to grow its data centre and cloud services business internationally. The company said its Finance and Investment Committee has approved the incorporation of a wholly owned subsidiary under Singapore law.
The proposed entity, to be named Anant Raj Cloud Singapore Pte. Ltd., will operate in data centre, co-location, and cloud services, including artificial intelligence linked offerings. The Singapore arm will be fully owned by Anant Raj and funded through cash subscription. The initial capital will comprise 1,000 shares of SGD 1 each, amounting to a total share capital of SGD 1,000, the filing noted, adding that the capital will be increased after incorporation.
