Indian Toners & Developers Ltd. announced that the company has incorporated Wholly Owned Subsidiary - Indian Toners U.S.A. Company (WOS) on June 14, 2016 in Florida. U.S.A. Now, the Company has made investment in WOS of $30,000 towards subscription of 3,000 equity shares of $10 each and accordingly Indian Toners U.S.A. Company has issued 3,000 Equity Shares of $10 each to the Company.