Dreamfolks Completes First Phase of Investment in ETT Solutions, Targeting 60.24% Stake
Dreamfolks Services Limited has reported the successful completion of the first phase of its planned investment in ETT Solutions DMCC (ETT). The investment, which involves a combination of secondary share purchases and primary subscription, has seen the secondary purchase of shares successfully registered with the Dubai Multi Commodities Centre Authority.Following the completion of this initial stage, Dreamfolks' shareholding in ETT currently stands at 34%.
The company stated that the subsequent phase involving the primary subscription will proceed according to agreed timelines. Upon the finalization of the primary subscription, the overall shareholding of Dreamfolks in ETT is projected to reach 60.24%.
The planned investment structure and resulting shareholding milestones are as follows:
| Phase | Action | Stakeholding Level |
|---|---|---|
| Phase One | Secondary purchase of shares (Completed) | 34% |
| Phase Two | Primary subscription to freshly issued shares | 60.24% (Overall) |
This update confirms that the initial acquisition phase is complete, with the overall investment to continue through the primary subscription in the coming period.
DREAMFOLKS Stock Price Movement
As of 2:27 PM, shares of Dreamfolks Services Limited are slipping by 1.86%, trading down ₹1.58 to ₹83.38 in live market action. The stock is currently seeing active trading, moving on a volume of 42,688 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.