Sigachi Industries, a pharmaceutical company, has recently announced that it has fixed August 28, 2024, as the record date for its final dividend. The company has declared a dividend of Re 0.10 per share, and the Register of Members and Share Transfer Books of the company will remain closed from August 29, 2024, to September 4, 2024, for the purpose of the dividend and the 35th Annual General Meeting. This news has put Sigachi Industries shares in focus in the share market today.
In addition to the dividend announcement, Sigachi Industries has made headlines with the incorporation of a joint venture (JV) with iMass Investments. This strategic move is part of the company’s efforts to expand its global footprint. The joint venture between Sigachi MENA FZCO, a wholly owned subsidiary of Sigachi Industries Limited, and iConsult Trading Consultancy LLC, a wholly owned subsidiary of iMass Investments, aims to help the company enter the food and pharma market of the UAE.
According to an exchange filing, Sigachi Global is projected to have revenues of $54 million by 2029. This joint venture is a significant step for Sigachi Industries as it seeks to tap into new markets and diversify its business operations. By partnering with iMass Investments, the company is positioning itself for growth and success in the competitive pharmaceutical industry.
It is important to note that the information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
In conclusion, Sigachi Industries‘ recent announcements regarding the record date for its dividend and the incorporation of a joint venture with iMass Investments have captured the attention of investors and industry observers. These developments reflect the company’s commitment to growth and innovation in the pharmaceutical sector. As Sigachi Industries continues to expand its global presence and explore new opportunities, it will be interesting to see how these strategic initiatives impact its performance in the market.