Hind Rectifiers Limited incorporates wholly-owned subsidiary in UAE
Hind Rectifiers Limited has successfully incorporated a new entity in the United Arab Emirates. The company established Hirect Global Holdings Limited, which operates from the Dubai International Financial Centre, marking a strategic expansion into the Middle Eastern market.The incorporation of the wholly-owned subsidiary falls under the category of an investment holding company. Hirect Global Holdings Limited is structured to oversee global investments for Hind Rectifiers Limited.
Key details regarding the new entity are as follows:
| Particulars | Details |
|---|---|
| Entity Name | Hirect Global Holdings Limited (Hirect GHL) |
| Incorporation Date and Country | June 25, 2026, United Arab Emirates |
| Industry | Investment holding company |
| Nature of Consideration | Cash consideration |
Hirect GHL is a wholly-owned subsidiary of Hind Rectifiers Limited and functions as an investment holding entity. The capital structure of the incorporated company details its authorized capital at AED 150,000. This capital is divided into 150 shares of AED 1,000 each.
The Company holds 100% of the shareholding in Hirect GHL. No governmental or regulatory approvals were required for the incorporation process.
HIRECT Stock Price Movement
Shares of Hind Rectifiers Limited tumbled on Thursday, losing 3.03% to close at ₹1121. The stock accounted for a total traded volume of 76,842 shares throughout the session.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.
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