Subsidiary13 May 2026, 05:41 pm
Expleo Solutions Invests ₹2.1 Cr in Subsidiary
AI Summary
Expleo Solutions Ltd has approved an investment of Euros 0.2 million (₹2.1 Cr) in Expleo Solutions GIFT IFSC Limited, a proposed wholly-owned subsidiary in Gujarat, India. The investment will be in the form of 21,00,000 equity shares of INR 10 each. The subsidiary will operate in financial services within the GIFT City, subject to IFSCA approval. The transaction is considered a related party transaction due to common directorship.
Key Highlights
- Expleo invests ₹2.1 Cr in Expleo Solutions GIFT IFSC Limited.
- The investment is for 100% share capital of the subsidiary.
- Subsidiary will provide financial services in GIFT City, Gujarat.
- Transaction is a related party transaction with common directorship.
Price Impact
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