In a move designed to limit the liability of its subsidiaries but bring significant overall benefits, beverage conglomerate, Banks DIH (BDIH) Limited has moved to create a holding company to centralize control and will have its name changed to Banks DIH Holdings Inc., (BDIHHI) pending regulatory and legal approvals.
“Under the proposed new structure, BDIHHI will become the Holding Company and in order to do so will acquire 100% of the shares issued by BDIH. This means that BDIH will become a wholly-owned subsidiary of the New Holding Company, BDIHHI. This will be done by shareholders exchanging their BDIH shares for shares in the New Holding Company BDIHI,” a booklet with the agenda for a special meeting for shareholders, set for July 15th, outlined.
