Joint Venture17 Mar 2026, 08:21 pm
CARE Ratings Ltd. to Incorporate a Joint Venture Company with Vestian Global Work Place Services Private Limited
AI Summary
CARE Ratings Ltd.'s Strategy and Investment Committee has approved the incorporation of a joint venture company with Vestian Global Work Place Services Private Limited. The new company, named 'Operus Limited', will provide Global Capability Centre (GCC) enablement services, delivering end-to-end solutions across various domains. CARE Ratings Ltd. will invest around Rs. 22.5 crores as an initial equity share capital contribution, holding a 50% stake in the proposed company. The incorporation is expected to be completed by June 30, 2026.
Key Highlights
- CARE Ratings Ltd. and Vestian Global Work Place Services Private Limited to form a joint venture company named 'Operus Limited'
- Operus Limited to provide Global Capability Centre (GCC) enablement services
- CARE Ratings Ltd. to invest around Rs. 22.5 crores as initial equity share capital contribution
- 50% stake for CARE Ratings Ltd. and 50% for Vestian Global Work Place Services Private Limited in the proposed company
- Incorporation targeted for completion by June 30, 2026