Striders Impex Invests Rs 3.28 Crore in UAE Subsidiary to Boost Working Capital
Striders Impex Limited has made an additional overseas direct investment of Rs 3,28,11,984.98 into its Wholly Owned Subsidiary, Striders Hub General Trading L.L.C., which is based in the United Arab Emirates. This investment is aimed at meeting the working capital requirements of Striders Hub and is designed to strengthen the financial position of the entity.The investment represents a cash consideration and is being made in the ordinary course of business on an arm's length basis, supported by a Valuation Report. The company expects the acquisition to be completed in approximately 8 to 10 months.
Striders Hub, which is a Wholly Owned Subsidiary, is engaged in general trading. It is licensed by the Department of Economy and Tourism, Government of Dubai, to undertake general trading activities, including the import, export, distribution, wholesale, and trading of various products.
Details regarding the investment and the subsidiary are summarized below:
| Particulars | Details |
|---|---|
| Investment Amount | Rs 3,28,11,984.98 |
| Nature of Investment | Overseas Direct Investment (Cash consideration) |
| Investment Objective | Meeting working capital requirements of Striders Hub |
| Ownership Status | Striders Impex retains 100% equity shareholding |
| Target Entity Business | General Trading (import, export, distribution, wholesale) |
| Target Entity Incorporation | December 18, 2025 (in UAE) |
| Market Presence | Middle East and North Africa (MENA) region |
| FY 2025-26 Turnover | AED 353,701 |
The investment is expected to support the business operations and growth plans of Striders Hub. The company has stated that it has made the necessary filings under the applicable provisions of the Foreign Exchange Management Act, 1999, and other relevant laws.
STRIDERS Stock Price Movement
Today, Striders Impex Limited shed 2.27% in post-market trading, settling at ₹60.20 after the market closed. The stock traded within a range, hitting a low of ₹60.00 but failing to break through its high of ₹63.75 during the day.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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