Mid East Portfolio Management Ltd Signs MOU for Strategic Association

Mid East Portfolio Management Limited has entered into a Memorandum of Understanding (MOU) with Cher Lifestyle Private Limited to explore a strategic association. The MOU aims to evaluate a proposed funding arrangement of up to ₹5 Crore for establishing three additional branches of Cher Lifestyle. The funding could involve equity, debt, or convertible instruments, subject to due diligence and approvals. The association may also include strategic guidance and business development support. This MOU represents a preliminary understanding and not an unconditional commitment.