Rays of Belief Invests $2M in US Subsidiary Mom's Belief

Rays of Belief Limited has announced a further investment of USD 2,000,000 (approximately INR 19.19 Cr.) into its wholly-owned subsidiary, Mom's Belief US Inc. This investment, made through a rights issue at par value, is in furtherance of the company's Initial Public Offer objectives. Mom's Belief US Inc., incorporated on April 4, 2025, operates in the healthcare industry, specializing in allergy and immunology. The investment aims to leverage the subsidiary's capabilities to provide specialized healthcare services. The transaction is considered a related party transaction but is conducted at arm's length. No significant government approvals are required beyond FEMA compliances. The subsidiary reported a turnover of USD 38,25,615 as of March 31, 2026.