Joint Venture14 Nov 2025, 06:52 pm
Likhitha Infrastructure Ltd Approves Joint Venture Incorporation with Sait Specialized Engineering and Contracting - L.L.C
AI Summary
Likhitha Infrastructure Ltd announced that its Board of Directors approved the incorporation of a Joint Venture Company with M/s. Sait Specialized Engineering and Contracting - L.L.C, Abu Dhabi. The new company will operate in accordance with the laws of Abu Dhabi, United Arab Emirates, allowing Likhitha Infrastructure Ltd to expand its business in the United Arab Emirates and other Oil and Gas Exporting countries. The Company's portion of the Equity will be subscribed in Cash pursuant to Overseas Direct Investment norms of RBI, with a 65% shareholding.
Key Highlights
- Likhitha Infrastructure Ltd approved the incorporation of a Joint Venture Company with M/s. Sait Specialized Engineering and Contracting - L.L.C, Abu Dhabi
- The new Joint Venture Company will enable the Company to expand its business in the United Arab Emirates and other Oil and Gas Exporting countries
- The Company's portion of the Equity will be subscribed in Cash pursuant to Overseas Direct Investment norms of RBI
- Likhitha Infrastructure Ltd will have a 65% shareholding in the new Joint Venture Company