LEAP India Limited's Subsidiary Establishes Wholly Owned Entity for Asset Pooling in UAE
LEAP India Limited, through its subsidiary LEAP MENA Holdings Limited (LEAP MENA), has established a new Wholly Owned Subsidiary in Dubai, United Arab Emirates (UAE). The newly formed entity is named LEAP Pallet Pooling Trading L.L.C. and has become a step-down subsidiary of the Indian company, effective August 21, 2026.The incorporation of LEAP Pallet Pooling Trading L.L.C is set to bolster the company's operations in the region. The object of incorporation for the new entity is providing asset pooling and general trading services to clients in the UAE. The company holds a 100% ownership stake in the new venture.
LEAP Pallet Pooling Trading L.L.C is designed to carry out the business of providing asset pooling and general trading services in the UAE. The entity was incorporated in Dubai, UAE, and is operational as of August 21, 2026.
The details regarding the formation and investment in the new subsidiary are as follows:
| Detail | Information |
|---|---|
| Target Entity Name | LEAP Pallet Pooling Trading L.L.C |
| Ownership Structure | Wholly Owned Subsidiary of LEAP MENA, a subsidiary of LEAP India Limited |
| Incorporation Date | August 21, 2026 |
| Location | Dubai, UAE |
| Industry | General Trading Industry |
| Object | Providing asset pooling and general trading services to clients in the UAE |
| Investment Consideration | To be subscribed in cash |
| Shareholding | 100% of the paid-up share capital held by LEAP MENA |
| Investment Cost | LEAP MENA will subscribe to the share capital of AED 2,000,000 |
The proposed investment, which is being undertaken by LEAP MENA, is noted as a related party transaction, and the transaction is planned to be conducted at arm's length. The commercial license for LEAP Pallet Pooling Trading L.L.C has been issued by the Dubai Department of Economy and Tourism.
LEAPIND Stock Price Movement
Shares of LEAP India Limited slipped by 2.20% today, closing at ₹159.36 following significant selling pressure. The stock traded within an intraday range bounded by a low of ₹156.5 and a high of ₹163.3, on a volume totaling 5.19 million 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.
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