Desco Infratech Ltd Incorporates Wholly Owned Subsidiary in UAE's RAKEZ
Desco Infratech Ltd has successfully incorporated a wholly owned subsidiary, DESCO GLOBAL FZ LLC, within the Ras Al Khaimah Economic Zone (RAKEZ) in the United Arab Emirates. The subsidiary's incorporation marks a strategic move by the company to expand its international business presence and explore opportunities in overseas markets, specifically within the UAE.Market trend analysis
The incorporation of DESCO GLOBAL FZ LLC was finalized on March 25, 2026. The company obtained the Certificate of Incorporation from the Ras Al Khaimah Economic Zone Authority, Government of Ras Al Khaimah, on the same date.
DESCO GLOBAL FZ LLC is registered in the Ras Al Khaimah Economic Zone (RAKEZ), UAE, and its registration number is 0000004084240.
Details of the Subsidiary Entity
The newly established subsidiary operates within the Project Management Consultancy industry, focusing on consultancy and other lawful business activities permitted under the RAKEZ license.The initial investment details and structure of the subsidiary are provided below:
| Detail | Information |
|---|---|
| Name | DESCO GLOBAL FZ LLC |
| Jurisdiction | Ras Al Khaimah Economic Zone (RAKEZ), UAE |
| Date of Incorporation | March 25, 2026 |
| Registration No. | 0000004084240 |
| Shares | 10 |
| Share Capital | AED 10000 |
| Size/Turnover | Not Applicable (Yet to commence business) |
Transaction Structure
The acquisition of the subsidiary's shares was completed through a cash consideration. Desco Infratech Limited subscribed to 10 shares at the face value of AED 1000/- (AED Thousand Only) each, totaling an aggregate cost of AED 10,000/- (AED Ten Thousand Only). This transaction grants Desco Infratech Limited 100% shareholding and control over DESCO GLOBAL FZ LLC.Since the subsidiary is a wholly owned entity, it is classified as a Related Party. The stated objective for the acquisition is to broaden the Company's international footprint and tap into overseas market opportunities, particularly in the UAE.
DESCO GLOBAL FZ LLC is noted as being incorporated on March 25, 2026, and has not yet commenced its business operations.
Stock Price Movement
Desco Infratech Ltd shares closed at ₹153.15 on Thursday, April 2nd, marking a decline of 3.83% for the day. The stock traded between ₹148.00 and ₹162.00 during the session.Source:
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