Kasturi Metal Composite544688Subsidiary or JV
Kasturi Metal Composite to set up 51%-owned Durafloor MENA LLC in Dubai for AED 5,10,000
By ScoutQuest · · 1 min read
51%Shareholding in subsidiary
- Controlling Stake
- 51% controlling stake
- Share Subscription
- 51,000 shares of AED 10 each
- Cash Consideration
- AED 5,10,000 (about ₹1.32 crore) in cash
- Target
- Durafloor MENA LLC (proposed name, Mainland Dubai, UAE)
- Transaction
- New Subsidiary (incorporation of foreign subsidiary)
Kasturi Metal Composite to set up 51%-owned Durafloor MENA LLC in Dubai for AED 5,10,000.
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More numbers
- Total cost of subscriptionAED 5,10,000
- Total cost in rupees (approx.)₹1.32 crore
- Assumed exchange rate₹26 per AED
- Shares subscribed51,000 shares
- Face value per shareAED 10 per share
- Shareholding in proposed subsidiary51%
- Authorised and paid-up share capital of proposed entityAED 10,00,000
- ConsiderationAED 5,10,000
Source: BSE · 3 Nov 2026
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