Board approves £ 1000 investment in UK entity; it will become a subsidiary
Board of Clio Infotech approved an investment in Clio Quantinfra Limited, a company being set up in the United Kingdom.
By ScoutQuest · · 2 min read
- Investment Amount
- approximately £ 1000 (One Thousand GBP) for 1000 (One Thousand) equity shares
- Stake Subscribed
- 100% of the shares are to be subscribed
- Completion Timeline
- completion expected within 12 months
What the board approved
The board of Clio Infotech Limited, at its meeting held today, approved an investment in Clio Quantinfra Limited, a company at the incorporation stage in the United Kingdom, by way of subscription to its share capital. Once the investment is made and the incorporation process is completed, Clio Quantinfra Limited will become a subsidiary of the company.
Deal terms at a glance
- Consideration: cash. The company is investing approximately £ 1000 (One Thousand GBP only) for 1000 (One Thousand) equity shares.
- Holding: 100% of the shares are to be subscribed by Clio Infotech Limited.
- Timeline: the indicative time-period for completion is within 12 months.
- Approvals: the update states no governmental or regulatory approvals are required, except procedural approvals from Company House, UK, for incorporation of a company.
What the target entity does
Clio Quantinfra Limited belongs to the IT Services and IT Related Infrastructure industry. Its business is software designing, development and dealing in corporate software and IT related services. The update notes the entity is in the incorporation stage, and it is proposed to carry on business in line with the objects set out in its Memorandum of Association.
Related party angle
The update answers yes to whether the acquisition falls within related party transactions, and adds that the promoter, promoter group and group companies do not have any interest in this transaction. The company will become a shareholder in the target company, and the transaction will be at arm's length.
Other points from the update
- The trading window for dealing in the company's securities is already closed with effect from 01-10-2026, and will reopen after completion of 48 hours from declaration of the financial results for the quarter and half year ended 30th September 2026.
- The board meeting commenced at 6:30 PM and concluded at 7:15 PM.
How to read this
This is a board approval to set up and fund a new overseas subsidiary, not an acquisition of a running business. The money involved is small at approximately £ 1000, and the investee company is yet to be incorporated, so it has no operating track record at this stage. The stated plan is to build an IT services and software business in the UK under the company.
Also from Clio Infotech
Clio Infotech to subscribe 100% of UK arm Clio Quantinfra for £ 1000 in cash
19 Oct 2026
More numbers
- Proposed investment amount£ 1000
- Equity shares to be subscribed1000 (One Thousand) equity shares
- Shareholding to be subscribed100%
- Indicative completion time-periodWithin 12 months
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