Acquisitions1 Dec 2025, 11:06 am
Dreamfolks Services Ltd to Acquire 60.24% Stake in ETT Solutions DMCC for INR 36 Crore / USD 4 Million
AI Summary
Dreamfolks Services Ltd announced the outcome of its Board Meeting held on December 01, 2025, where it approved a total investment of INR 36 crore (approx.) / USD 4 Million to acquire 60.24% stake in ETT Solutions DMCC. This acquisition will result in ETT becoming a foreign subsidiary of Dreamfolks. The acquisition is expected to expand Dreamfolks' global lounge business, strengthen its market position across key geographies outside India, and unlock fresh growth avenues.
Key Highlights
- Dreamfolks to invest INR 36 crore (approx.) / USD 4 Million in ETT Solutions DMCC
- Acquisition will result in 60.24% stake in ETT Solutions DMCC
- ETT Solutions DMCC will become a foreign subsidiary of Dreamfolks
- Acquisition expected to expand Dreamfolks' global lounge business
- Expected to strengthen Dreamfolks' market position across key geographies outside India