Investment28 Sept 2026, 06:31 pm
LEAP India Invests ₹2.04 Cr in Saudi Subsidiary LEAP Gulf
AI Summary
LEAP India Limited has made a further investment of ₹2.04 Crores (785,000 Saudi Riyals) into its wholly owned subsidiary, LEAP Gulf Company, based in the Kingdom of Saudi Arabia. This investment, made via cash subscription to equity shares, is intended to support LEAP Gulf's business activities and expansion plans in Saudi Arabia. LEAP Gulf is involved in manufacturing wooden containers, plastic products, equipment repair, and machinery rental. The transaction was conducted on an arm's-length basis and falls under the automatic route for foreign exchange management.
Key Highlights
- LEAP India invested ₹2.04 Cr in its Saudi subsidiary, LEAP Gulf.
- Investment aims to fund LEAP Gulf's business expansion in Saudi Arabia.
- LEAP Gulf is a wholly owned subsidiary engaged in manufacturing and rental services.
- Transaction is on an arm's-length basis and uses the automatic FEMA route.
- LEAP India maintains 100% shareholding in LEAP Gulf.
Price Impact
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