Acquisitions1 Dec 2025, 11:13 am
Dreamfolks Services Ltd. to Acquire 60.24% Stake in ETT Solutions DMCC for INR 36 Crore / USD 4 Million
AI Summary
Dreamfolks Services Limited, a Gurgaon-based company, has approved the proposal to invest INR 36 crore (approx.) / USD 4 Million in ETT Solutions DMCC. This investment will result in the acquisition of 60.24% stake in ETT, making it a foreign subsidiary of Dreamfolks. ETT is a Free Zone Company incorporated on April 13, 2023, under the Dubai Multi Commodities Centre Authority Regulations. It is engaged in providing access to airport lounges and other fast track airport services through service contracts with Airport lounges worldwide.
Key Highlights
- Dreamfolks to invest INR 36 crore (approx.) / USD 4 Million in ETT Solutions DMCC
- Acquisition of 60.24% stake in ETT, making it a foreign subsidiary of Dreamfolks
- ETT is a Free Zone Company incorporated on April 13, 2023, under the Dubai Multi Commodities Centre Authority Regulations
- ETT is engaged in providing access to airport lounges and other fast track airport services through service contracts with Airport lounges worldwide
- The acquisition is expected to expand DreamFolks’ global lounge business, strengthening its market position across key geographies outside India