Oswal Greentech Incorporates Dubai Subsidiary for Real Estate

Oswal Greentech Limited has received approval from the Department of Economic and Tourism, Dubai, UAE, to incorporate a subsidiary named 'OSWAL GREENTECH REAL ESTATE DEVELOPMENT L.L.C'. This move aims to expand the company's business presence internationally and undertake land development, residential, and commercial projects in the UAE and GCC region. The subsidiary is a Limited Liability Company (LLC) and is yet to commence operations. Oswal Greentech Limited will hold 95% (38,000 shares) of the equity, with the initial subscription amounting to AED 3,80,00,000 (AED 38 million). Mr. Shael Oswal, a member of the Promoter Group, will hold the remaining 5% and will serve as the Manager.