SRM Contractors Merger & Restructuring Worth ₹0.26 Cr
SRM Contractors Ltd converted its Abu Dhabi branch into a wholly-owned subsidiary, SRM Contractors LLC, with an initial capital investment equivalent to ₹0.26 Crore.
- Value
- ₹0.26 Cr
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SRM Contractors Ltd converted its Abu Dhabi branch into a wholly-owned subsidiary, SRM Contractors LLC, with an initial capital investment equivalent to ₹0.26 Crore.
SRM Contractors Ltd has incorporated a new associate company, GIRAFFE SRM ESTATES PRIVATE LIMITED. The entity will focus on highway infrastructure and wayside amenities.
SRM Contractors Ltd has decided to incorporate a new SPV, 'GIRAFFE SRM ESTATES PRIVATE LIMITED'. The company will hold a 49% stake, investing Rs. 49,000.
SRM Contractors will convert its Abu Dhabi branch into a wholly owned subsidiary, 'SRM Contractors LLC', with an initial capital investment of AED 100,000 (₹0.26 Crore).