The Company acquired 40 shares of Nile Overseas Enterprise FZE, a Wholly Owned Subsidiary of Nile Limited, for 1,00,000 AED each share (40,00,000 AED).
NILE · price
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Nile Ltd acquired 40 shares of Nile Overseas Enterprise FZE, its wholly owned subsidiary based in the UAE (a Free Zone Establishment), at a price of 1,00,000 AED per share, amounting to a total of 40,00,000 AED (approximately ₹9 crore). Since Nile Overseas Enterprise FZE is already a wholly owned subsidiary of Nile Limited, this transaction likely represents the company acquiring the remaining minority shares or further consolidating its 100% ownership. The disclosure was made to BSE under SEBI Listing Regulations, 2015. The company's registered office is in Hyderabad, and it operates an industrial facility in Tirupati district, Andhra Pradesh.
This is an internal consolidation move with no material impact on minority shareholders — the subsidiary was already wholly owned, so the transaction does not change the group's effective ownership structure. The financial outlay is modest relative to the company's scale and is unlikely to move the stock price.