The Hindu Business Line : Virinchi plans overseas arms

HYDERABAD: Virinchi Technologies Ltd has informed the Bombay Stock Exchange that the board of directors would meet on February 12, to consider the possibility of opening a branch in the US, as a fully owned subsidiary of the company.

To be named Virinchi Product Design and Development Services, Inc, this would conform to the South Carolina State Laws.

The company has also proposed to open a branch in Switzerland and another branch in Hong Kong, both fully owned subsidiaries.

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