
Subsidiary24 Aug 2026, 03:37 pm
LEAP India Incorporates UAE Subsidiary LEAP Pallet Pooling Trading LLC
AI Summary
LEAP India Ltd has announced the incorporation of a step-down wholly-owned subsidiary, LEAP Pallet Pooling Trading L.L.C., in Dubai, UAE. This new entity is established through LEAP MENA Holdings Limited, a subsidiary of LEAP India. The subsidiary will focus on providing asset pooling and general trading services within the UAE. The incorporation is effective August 21, 2026, with LEAP MENA subscribing to a share capital of AED 2,000,000, representing 100% of the subsidiary's shares. The transaction is considered a related party transaction but will be conducted at 'arm's length'. The Commercial License has been issued by the Dubai Department of Economy and Tourism.
Key Highlights
- LEAP India Ltd establishes step-down subsidiary in Dubai, UAE.
- New entity LEAP Pallet Pooling Trading L.L.C. to offer asset pooling and trading.
- LEAP MENA Holdings invests AED 2,000,000 for 100% shareholding.
- Transaction is a related party deal conducted at 'arm's length'.
Price Impact
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