Type of Deal: 100% acquisition through investment in share capital of wholly-owned subsidiary
Stake/Capacity: 100% shareholding acquired through subscription to 2,100,000 equity shares
Deal Value: USD equivalent to ₹2,10,00,000 (Rupees Two Crores Ten Lakhs only)
Funding Source: Not explicitly disclosed
Financial Impact: Not disclosed in terms of revenue contribution, EBITDA impact, margin profile, accretion/dilution, or synergy expectations
Timeline: Indicative time period for completion marked as "Not Applicable"
Strategic Rationale: The wholly-owned subsidiary company incorporated in GIFT City, Gujarat, India, which is being developed as a global financial services hub by Government of India for providing financial services. The main objective of the subsidiary is to provide financial services.
Approval Status: Certificate of Registration ("COR") from International Financial Services Centres Authority (IFSCA) received on October 09, 2026
Reference Regulation: SEBI Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Additional Details:
The investment represents 100% subscription to the share capital divided into 21,00,000 equity shares of ₹10 each
The subsidiary is incorporated in GIFT City, Gujarat, India
Industry classification: Financial Services
Transaction classified as related party transaction due to common directorship
All transactions with the WOS shall be at arm's length basis
No historical financial information provided as the entity is newly established
