
Investment6 Aug 2025, 09:26 pm
Protean eGov Technologies Infuses INR 19 Crores in Wholly Owned Subsidiary Protean International DMCC
AI Summary
Protean eGov Technologies Limited announced its unaudited financial results for the quarter ended June 30, 2025. The company's Board of Directors approved an additional investment of up to INR 19 Crores in Protean International DMCC, its wholly owned subsidiary. The investment will be made in one or more tranches in the form of equity share capital. Protean International DMCC is based in Dubai, UAE and is engaged in providing IT/ITeS services across multiple countries. The subsidiary is a related party of the company and the transaction is done at arm's length basis. Necessary approvals as required under applicable laws in force in UAE will be obtained.
Key Highlights
- Protean eGov Technologies to invest INR 19 Crores in Protean International DMCC
- Investment to be made in one or more tranches
- Protean International DMCC is a wholly owned subsidiary based in Dubai, UAE
- Subsidiary engaged in providing IT/ITeS services across multiple countries
- Transaction done at arm's length basis