
Subsidiary22 Jun 2026, 07:00 pm
Dhruv Consultancy Incorporates Subsidiary, Acquires 55% Stake
AI Summary
Dhruv Consultancy Services Limited has incorporated VERUL DRIVEHUB PRIVATE LIMITED and acquired a 55% stake by subscribing to its share capital. This new subsidiary will focus on the Development, Operation, and Maintenance of Wayside Amenities on National Highways in Maharashtra, on a BOT basis for a 15-year lease. The project is based on a Letter of Award received from National Highway Logistics Management Limited (NHLML). VERUL DRIVEHUB PRIVATE LIMITED was incorporated on June 18, 2026, and currently has NIL turnover. The acquisition is considered an arm's length transaction and aligns with Dhruv Consultancy's strategy to expand its infrastructure business portfolio.
Key Highlights
- Dhruv Consultancy establishes a new subsidiary, VERUL DRIVEHUB PRIVATE LIMITED.
- Acquires 55% stake in the subsidiary for infrastructure development projects.
- Subsidiary will operate wayside amenities on National Highways in Maharashtra.
- Project secured via Letter of Award from NHLML.
- Investment aligns with company's diversification strategy in infrastructure.
Price Impact
More from DHRUV