Investment29 Oct 2026, 08:01 pm
Skyways Air Services Invests AED 1.2M in UAE Subsidiary
AI Summary
Skyways Air Services Ltd has announced a further investment in its foreign subsidiary, Skyways SLS Cargo Services LLC, based in Dubai, UAE. The investment, not exceeding AED 1,203,840 (approximately USD 327,888 or INR 3,13,29,824.80), is for subscription to additional equity share capital. This capital infusion is intended to meet the subsidiary's working capital requirements. Skyways SLS Cargo Services LLC is engaged in the logistics business and reported a turnover of INR 39.39 Crores for FY 2025-26. The parent company, Skyways Air Services Ltd, holds a 90% stake in the subsidiary, and the transaction is considered an arm's length transaction.
Key Highlights
- Skyways Air Services made a further investment in its UAE subsidiary.
- Investment amount not exceeding AED 1.2M (approx. INR 3.13 Cr).
- Funds are for the subsidiary's working capital requirements.
- Subsidiary is in the logistics business with FY26 turnover of INR 39.39 Cr.
- Parent company holds 90% stake; transaction is at arm's length.
Price Impact
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