R.P.P. Infra Projects Limited has informed the Exchange regarding ''.
RPPINFRA · price
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R.P.P. Infra Projects has incorporated a wholly owned subsidiary in Sri Lanka named RPP Realtor (Pvt) Limited on June 20, 2025. The new entity will focus on real estate, specifically building a residential condominium and executing the 'Legend 96 Projects' in Sri Lanka. This is part of the company's strategic initiative to expand its business operations internationally. RPP Infra holds 100% ownership, with an initial subscription of 100 shares at a face value of 10 Lankan Rupees each, funded through cash consideration.
This marks RPP Infra's entry into the Sri Lankan real estate market, potentially opening a new revenue stream beyond its domestic infrastructure business. Shareholders may view this as a positive diversification move, though execution risks and foreign market exposure are factors to watch.