Intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 regarding execution of MOU between GLOBAL MARKET INSIGHTS IT SERVIC L.L.C ....
Awaiting price reaction for this filing.
Sellwin Traders Ltd (BSE: 538875) has signed a non-binding Memorandum of Understanding with Global Market Insights IT Service LLC (GMIIT), a Dubai-based IT services company specialising in cybersecurity, AI, blockchain, and digital marketing. Under the MOU, Sellwin plans to acquire more than 51% equity stake in GMIIT, making it a subsidiary of Sellwin, with a focus on expanding IT services in the Gulf region. The investment could be made via cash, in-kind, or share swap, and is subject to due diligence and regulatory approvals in India and UAE. The MOU is valid for 6 months or until a definitive agreement is signed, and only confidentiality, exclusivity, and dispute resolution clauses are binding.
This represents a potential international expansion and reverse-acquisition-style move for the small-cap Sellwin Traders, giving it exposure to the Gulf IT services market. However, the MOU is non-binding and the deal remains subject to definitive agreements, due diligence, and regulatory clearances — so investors should view this as early-stage intent rather than a confirmed transaction.