Joint Venture11 Dec 2025, 06:41 pm
Virat Industries Ltd to Incorporate a Wholly Owned Subsidiary in UAE with an Investment of 5 Million USD
AI Summary
Virat Industries Ltd announced at its board meeting held on 11th December, 2025, its decision to incorporate a Wholly Owned Subsidiary (WOS) named BRHAM HOLDING FZ-LLC in the United Arab Emirates (UAE). The company plans to invest up to AED 18,363,000 (approximately 5 million USD) in one or more tranches, in compliance with various regulatory requirements. The new subsidiary will assist the group companies in developing their business in the Middle East region.
Key Highlights
- Virat Industries Ltd to incorporate a Wholly Owned Subsidiary in UAE
- Investment of approximately 5 million USD in BRHAM HOLDING FZ-LLC
- Subsidiary to assist in expanding business in the Middle East region
- Investment in compliance with Companies Act, 2013, FEMA, RBI Regulations, SEBI Regulations and other applicable statutory requirements
- Investment to be made in one or more tranches