You already know that according to the investment memorandum, the main company of MLC will be incorporated in the most convenient jurisdiction, consolidate all the developments, be transformed into a joint-stock company and go public with a well-established financial history.
Today, we would like to announce the launch of the major work to incorporate the public limited company in India (PLC).
We have already held a number of meetings and are close to selecting a law firm that will link the work between Russia and India.
The work schedule is now being prepared.
Mr KiranJeet Singh, a member of the Board of Directors, is actively participating in the dialogue and is engaging specialists for an independent assessment of the scheduled activities.
The company in India is the key to the MLC project entering the Indian market and going public on the Bombay Stock Exchange (BSE).
India is the fastest growing country in the world by population with 1.41 billion people.
The average age of an Indian is 29.
India ranks second after the US in terms of diabetes-related problems.
Entering the Indian market creates a foundation for MLC to grow globally.
