Kesar India Limited, a leading Indian company, announced a strategic expansion into the United Arab Emirates (UAE) market. Kesar Middle East FZCO, a wholly-owned subsidiary of Kesar India, has incorporated a new step-down subsidiary named DEJA VU FZCO in Dubai. This development signifies Kesar India’s commitment to exploring new growth opportunities in the dynamic Middle Eastern market.
DEJA VU FZCO was officially incorporated on May 21, 2024, with Kesar Middle East FZCO holding complete ownership. The comprehensive details of this new subsidiary were received by Kesar India on May 22, 2024. DEJA VU FZCO has been established with the primary objective of expanding Kesar India’s business footprint in the UAE. The new subsidiary is authorised to engage in a variety of activities, including:
Kesar Middle East FZCO has fully subscribed to the share capital of DEJA VU FZCO, acquiring 100 shares with a face value of AED 1,000 each (USD 272). This strategic investment paves the way for Kesar India to leverage the immense potential of the UAE market and cater to a broader clientele across the Middle East region.
Kesar Gateway, a project totalling more than 1.5 million square feet, was finished in an unprecedented amount of time—28 months ahead of schedule—and represents a new high point in the company’s storied history of completing projects ahead of schedule. This feat is the result of exceptional efficiency and dedication. The company’s strategic choice to invest its own capital in the development rather than relying on customers’ funds is responsible for the project’s successful completion.
Kesar Lands Ltd is engaged in real estate development and construction of residential and commercial projects, industrial buildings, factory buildings, workshop buildings, etc.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: May 23, 2024, 12:16 PM IST
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