Subsidiary Details
- Name: Kiri Capital (IFSC) Private Limited
- Issued Share Capital: ₹2,00,00,000 divided into 20,00,000 Ordinary Equity shares of par value ₹10 each
- Turnover: Nil (yet to commence business operations)
- CIN No.: L24231GJ1998PLC034094
Transaction Details
- Nature of Acquisition: 100% shareholding acquisition
- Consideration: Cash consideration towards subscription of shares
- Cost of Acquisition: ₹2,00,00,000 for 20,00,000 Equity Shares of ₹10 each
- Percentage Acquired: 100% shareholding
Business Purpose and Operations
Kiri Capital (IFSC) Private Limited has been established for:
- Managing the treasury functions of the entire Group
- Serving as the holding company for the Group's overseas subsidiaries
- Industry classification: Treasury Management and Holding of Overseas Subsidiaries
Regulatory and Transaction Aspects
- The acquisition falls within related party transactions as it is a wholly owned subsidiary
- The promoter/promoter group are not interested in the transaction beyond this relationship
- No governmental or regulatory approvals required for the acquisition
- No indicative time period for completion specified (not applicable)
- The subsidiary is newly incorporated and yet to commence business operations
Compliance Reference
The disclosure is made under Regulation 30 of SEBI Listing Regulations read with Schedule III along with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.