Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 and in reference to Company letter dated June 27, 2025, we would like to inform you that Board at its meeting held today on May ....
EXPLEOSOL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Expleo Solutions Ltd has approved investment of Rs. 2.10 crore (Euros 0.2 million equivalent) to incorporate a new wholly owned subsidiary named 'Expleo Solutions Gift IFSC Limited' in GIFT City, Gujarat. The WOS will have 2.1 million equity shares of Rs 10 each, fully subscribed by Expleo Solutions. The subsidiary is being created to provide financial services from GIFT City, a global financial services hub being developed by the Government of India, subject to International Financial Services Centre Authority (IFSCA) approval. The WOS is a related party due to common directorship, and any future transactions will be conducted at arm's length.
This is a strategic move to set up a presence in GIFT City for financial services. The investment amount is modest at Rs 2.1 crore and is unlikely to have any immediate material impact on the parent company's financials or stock price.