GHV Infra Projects set up a wholly owned subsidiary, GHV Infra FZ-LLC, in UAE’s Ras Al Khaimah Economic Zone.
The new unit will explore infrastructure and construction opportunities in Middle East and nearby regions.
Board approved sub-division of equity shares from ₹10 to ₹5 and a 3:2 bonus share issue.
Earlier this month, GHV Infra won a ₹ 120 crore order for redevelopment of a South Eastern Railway station in Jharkhand.
GHV Infra Projects Sets up Subsidiary in UAE to Explore Opportunities Overseas
The company has incorporated a wholly-owned subsidiary, GHV Infra FZ-LLC, in Ras Al Khaimah Economic Zone, the UAE, to carry out the business activities and explore opportunities overseas
GHV Infra
Summary
Advertisement
Infrastructure and construction firm GHV Infra Projects Ltd on Monday said it has incorporated a subsidiary in the United Arab Emirates to explore opportunities in international markets.
The company has incorporated a wholly-owned subsidiary, GHV Infra FZ-LLC, in Ras Al Khaimah Economic Zone, the UAE, to carry out the business activities and explore opportunities overseas, it said in a statement.
“With substantial investments being made in infrastructure and construction across the Middle East and surrounding regions, the incorporation of GHV Infra FZ-LLC positions us to participate in these opportunities,” the filing stated.
The company also announced that its board has approved the sub-division of the company’s equity shares from ₹10 per share to ₹5 per share as well as a bonus issue in the ratio of 3:2, three new equity shares for every two existing equity shares held.
GHV Infra Projects this month secured an order worth ₹120 crore for redevelopment of a railway station of South Eastern Railway in Jharkhand.
Advertisement
Show comments