Precot Limited Establishes Foreign Subsidiary in Dubai for International Operations
Precot Limited has successfully incorporated a new wholly owned subsidiary (WOS) aimed at facilitating its international business and investment strategies. The new entity, named Precot Holdings Limited, was established within the Jebel Ali Free Zone (JAFZA) in Dubai, United Arab Emirates.The incorporation of this WOS marks a significant step in Precot Limited’s global expansion. This subsidiary is wholly owned by the company, holding a 100% shareholding stake.
Precot Holdings Limited is strategically positioned to engage in international business and investments both inside and outside the UAE. Its objects include operating as a holding company for a group of subsidiaries, enabling it to incorporate or purchase stakes in companies globally. Furthermore, the WOS has the capability to acquire freehold property that meets the specifications set by the Jebel Ali Free Zone Authority.
Key details regarding Precot Holdings Limited are summarized below:
| Particulars | Details |
|---|---|
| Name of Subsidiary (WOS) | Precot Holdings Limited |
| Country of Incorporation | Dubai, United Arab Emirates |
| Date of Incorporation | 6th July, 2026 |
| Registered Office | 805, Oxford Tower, Business Bay, P.O.Box 126436, Dubai, U.A.E. |
| Shareholding Status | 100% by Precot Limited |
The establishment of the WOS is set to support Precot Limited’s growth in conducting international business activities and managing diverse investments across jurisdictions.
PRECOT Stock Price Movement
Today, Precot Limited shares edged higher to close at ₹800.45 after gaining 3.55%. The stock saw a traded volume of 10,274 shares during the session today.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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