Joint Venture21 Aug 2025, 04:30 pm
Intellect Design Arena Ltd Announces Joint Venture with UK-based ITIXA Limited in GIFT City, IFSC, Gujarat
AI Summary
Intellect Design Arena Ltd, through its UK subsidiary, has approved a Memorandum of Understanding (MOU) to establish a joint venture with UK-based ITIXA Limited, a group company of System Holdings Limited. The joint venture entity will provide AI-enabled software and business support services, initially targeting the United Kingdom market. Intellect Design Arena Limited, UK and ITIXA Limited will hold 50.1% and 49.9% shareholding rights respectively, with equal participation in the Board of Directors. The joint venture entity will be incorporated in GIFT City, Gujarat.
Key Highlights
- Intellect Design Arena Ltd's UK subsidiary to establish a joint venture with UK-based ITIXA Limited.
- The joint venture will provide AI-enabled software and business support services.
- Intellect Design Arena Limited, UK and ITIXA Limited will hold 50.1% and 49.9% shareholding rights respectively.
- The joint venture entity will be incorporated in GIFT City, Gujarat.
- The initial target market is the United Kingdom.