Mumbai, Feb. 24 -- The subsidiary has been incorporated in the state of Maharashtra, with the Certificate of Incorporation granted by the Central Registration Centre, Ministry of Corporate Affairs.

According to the company, the proposed wholly-owned subsidiary (WOS) will play a pivotal role in driving the holding company's business expansion. The object clause outlines a broad framework for the WOS to engage in the sale of sports goods, equipment, and apparel through both online and offline channels.

The company has fully subscribed to 2,50,000 equity shares of Colab Sports Ventures, each with a face value of Rs 10. The subscription amount for the shares will be paid in cash by the individual subscribers, who are nominees of the company...