Firstsource Solutions Limited has informed the Exchange about Incorporation
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Awaiting price reaction for this filing.
Firstsource Solutions has set up a new wholly owned subsidiary in Dubai named FIRSTSOURCE MIDDLE EAST SERVICES L.L.C., incorporated on 25th July 2025. The new entity has an authorised capital of 300 shares at AED 1,000 per share and is yet to begin operations, so it currently has nil turnover. The purpose of the subsidiary is to expand the company's BPO (business process outsourcing) business in the UAE. Firstsource will hold 100% of the shareholding, with the initial capital contribution made at face value.
This is a routine geographic expansion move that sets up a local presence in the Middle East, which could help Firstsource win BPO clients in the region. It is unlikely to move the stock price in the near term since the subsidiary is newly formed and has not started operations yet.