R.P.P. Infra Projects Limited has informed the Exchange regarding 'Incorporation of Rpp Realtor (pvt) Limited in srilanka'.
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R.P.P. Infra Projects has set up a new wholly owned subsidiary in Sri Lanka named RPP Realtor (Pvt) Limited. The new entity will focus on undertaking and executing real estate projects in Sri Lanka. This move is part of the company's strategy to expand its business operations internationally beyond India. The company has informed the stock exchanges about this under SEBI's listing regulations.
This is a small, early-stage step toward international expansion, but no financial details or project pipeline have been disclosed yet. Shareholders should watch for further updates on actual projects or revenue from this subsidiary before drawing strong conclusions about its impact on the stock.