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GHV Infra Projects Ltd announced that it had incorporated a wholly owned subsidiary in the United Arab Emirates to expand into international markets. The new entity, GHV Infra FZ-LLC, has been registered in Ras Al Khaimah Economic Zone to explore opportunities in the Middle East and other regions. The company also confirmed a sub-division of equity shares along with a bonus issue, while having recently secured a major redevelopment contract in Jharkhand.
GHV Infra Projects Ltd confirmed earlier this week that it had established a wholly owned subsidiary in the United Arab Emirates to pursue business opportunities in overseas markets. The new subsidiary, GHV Infra FZ-LLC, has been incorporated in Ras Al Khaimah Economic Zone, with the objective of engaging in construction and infrastructure-related ventures abroad. Advertisement
The company explained in a statement that substantial investments are currently being made in infrastructure and construction across the Middle East and adjoining regions, and the new subsidiary would enable it to participate in those developments.
Alongside this international expansion, the company's board approved a sub-division of equity shares from INR 10 per share to INR 5 per share, coupled with a bonus issue in the ratio of three shares for every two held.
Additionally, GHV Infra Projects secured an order worth INR 120 crore this month for the redevelopment of a railway station under South Eastern Railway in Jharkhand, strengthening its domestic operations.
The move, along with the share sub-division and bonus issue, is expected to boost investor confidence. At the same time, its recent railway redevelopment contract highlights the company's continued presence in the Indian market, reinforcing a balanced growth strategy across both domestic and overseas opportunities.
Source - PTI
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