Rattanindia Enterprises to Increase Investment in UAE Subsidiary Neorise Technologies FZCO

Rattanindia Enterprises Ltd. has announced its decision to increase its investment in its wholly-owned subsidiary, Neorise Technologies FZCO, based in the UAE. The company plans to increase its investment from AED 1 million to AED 5 million, which will be done in one or more tranches by subscribing to new shares. This includes the conversion of a AED 2 million loan previously granted to Neorise. The proposed investment is expected to be completed in approximately 2-3 months, subject to statutory approvals. The purpose of this investment is to meet the fund requirements of Neorise, which is planning to commence its business operations in general trading and e-commerce activities.