Oswal Greentech539290Subsidiary or JV
Oswal Greentech incorporates Dubai real estate subsidiary; subscribes 38,000 shares for AED 3,80,00,000, holding 95%
By ScoutQuest · · 1 min read
95%Company shareholding in subsidiary
- Stake acquired
- 95% (38,000 shares) held; balance 5% (2,000 shares) held by Mr. Shael Oswal
- Subscription amount
- 38,000 equity shares of AED 1,000 each at par, aggregating to AED 3,80,00,000 (AED 38 million)
- Approval and status
- Dubai's DET approved the subsidiary; entity yet to commence operations
- Target
- OSWAL GREENTECH REAL ESTATE DEVELOPMENT L.L.C
- Transaction
- New Subsidiary (incorporation of foreign subsidiary in Dubai, UAE)
Oswal Greentech incorporates Dubai real estate subsidiary; subscribes 38,000 shares for AED 3,80,00,000, holding 95%.
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More numbers
- Equity shares subscribed38,000
- Face value per shareAED 1,000
- Total subscription amountAED 3,80,00,000
- Total subscription amount (million)AED 38 million
- Company shareholding in subsidiary95%
- Promoter shareholding in subsidiary5%
- Shares held by Mr. Shael Oswal2,000
- ConsiderationAED 3,80,00,000 (AED 38 million)
Source: BSE · 28 Oct 2026
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