Investment23 Aug 2025, 01:40 pm
Sellwin Traders to Invest up to USD 6 Million in Shivam Contracting Inc., Targeting 60% Stake
AI Summary
Sellwin Traders Limited has signed an MOU with Shivam Contracting Inc. to invest up to USD 6 million in the U.S.-based contracting company. The investment will be settled via issuance of shares by Sellwin Traders Limited at a rate not less than INR 18 per share. The MOU also includes a guaranteed minimum return of 7% per annum for Sellwin Traders. Additionally, Sellwin Traders has signed an MOU with Global Market Insights IT Services LLC for a controlling investment of over 51%. The company reported a net profit of Rs. 3.14 crore for QIFY26 with a Y-o-Y rise of 350%.
Key Highlights
- Sellwin Traders to invest up to USD 6 Million in Shivam Contracting Inc.
- Shivam Contracting Inc. to ensure a minimum 7% annual return for Sellwin Traders.
- Sellwin Traders to repatriate funds to India within two years of each tranche.
- Sellwin Traders to acquire more than 51% stake in Global Market Insights IT Services LLC.
- Global Market Insights IT Services LLC to focus on expansion of IT services, market research, consulting, and digital solutions in the Gulf region.