Announced Fri, 10 Jul · 20:02 IST
Dolphin Offshore's subsidiary gets provisional registration at GIFT City IFSC
Business Updates View source PDF
DOLPHIN · price
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Price reaction · full curve 14 horizons · vs prior close
+3.1%1-day move
₹383.10
prior close
₹387.00
base price
After-mkt
timing
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+0.3+0.3+1.0+2.2+3.1+0.2+0.0-1.5+0.8-1.1————
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AI summary
Dolphin Offshore's wholly owned subsidiary Beluga International (IFSC) Private Limited has received provisional registration as a Finance Company at GIFT City-IFSC, Gujarat. Beluga will operate in the business of leasing ships, ocean vessels and other equipment. Authorized capital is 2 crore rupees with paid-up capital of 1.82 crore rupees. The subsidiary is yet to commence business operations and the cash investment will be made once bank accounts are opened.
Likely market impact
New finance subsidiary for ship and vessel leasing set up at GIFT City IFSC. No immediate revenue impact as operations have not yet started.