Striders Impex Makes Additional Investment of Rs 4.2 Crore in Wholly Owned Subsidiary, Striders FZ
Striders Impex Limited has injected an additional investment amounting to Rs 4,20,00,000/- (Rupees Four Crores and Twenty Lakhs) into the Equity Share Capital of its wholly owned subsidiary, Striders FZ L.L.C., in the UAE. This Overseas Direct Investment is intended to meet the working capital requirements of Striders FZ, supporting its ongoing business operations.The investment reinforces the financial stability of Striders FZ and aligns with the company's disclosed objects for the initiative. The transaction involves a cash consideration and maintains the existing ownership structure, meaning there will be no change in Striders Impex Limited’s 100% shareholding in Striders FZ.
Striders FZ L.L.C., incorporated on October 24, 2018 under the provisions of the Fujairah Media Free Zone and applicable laws of the United Arab Emirates (UAE), operates in the General Trading and E-Commerce industry. The company specializes in the global distribution, marketing, and trading of toys and kids' consumer merchandise.
Striders FZ has a significant international presence, with a business footprint spanning the UAE, Netherlands, Finland, the United States of America (USA), the United Kingdom (UK), Germany, and several other international markets.
The financial performance of Striders FZ demonstrates consistent operation in its designated market. The following table details the recent turnover figures for the subsidiary:
| Financial Year | Turnover |
|---|---|
| FY 2025-26 | USD 1,401,878 |
| FY 2024-25 | USD 1,286,241 |
| FY 2024 (Jan to Dec) | USD 1,442,444 |
| FY 2023 (Jan to Dec) | USD 2,967,978 |
The investment is expected to be completed in approximately two to four months. The acquisition of Striders FZ by the Company occurred on March 29, 2025, and it continues to serve as a key subsidiary for the organization.
STRIDERS Stock Price Movement
Striders Impex Limited shares finished today in positive territory, gaining 0.08% as they settled at ₹65.75. The modest gain reflected a steady performance for the equity throughout the trading 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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