Expleo Solutions Subsidiary Gets COR, Invests ₹21 Cr

Expleo Solutions GIFT IFSC Limited, a wholly owned subsidiary of Expleo Solutions Ltd., has received a Certificate of Registration (COR) from the International Financial Services Centres Authority (IFSCA). The company has invested USD equivalent to INR 2,10,00,000/- (₹21 Crore) in its subsidiary, divided into 21,00,000 equity shares of INR 10/- each. This investment forms the paid-up share capital of Expleo Solutions GIFT IFSC Limited, which is being established in Gift City, Gujarat, to provide financial services. The subsidiary is a related party, with common directorship, and transactions will be at arm's length.