Intimation of Acquisition by our subsidiary Emirates Holding FZ LLC, UAE of 30% stake in Alpha Investment Capital FZ LLC, UAE.
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Rose Merc Ltd's UAE-based subsidiary, Emirates Holding FZ LLC, has executed a non-binding Letter of Intent to acquire a 30% equity stake in Alpha Investment Capital FZ LLC, a Dubai-headquartered infrastructure advisory and project development firm. The deal is valued at AED 5.4 million (approximately ₹12-13 crore) in cash. Despite holding only 30%, Emirates Holding will get the right to appoint a majority of directors on Alpha's board, effectively making Alpha a step-down subsidiary of Rose Merc. Alpha reported turnover of AED 5.4 million in FY25, up from AED 1.7 million in FY23, and specialises in structuring large PPP and infrastructure projects across the Middle East, India, and other emerging markets. The transaction is currently non-binding and remains subject to due diligence, UAE regulatory approvals, and execution of definitive agreements.
If completed, the deal would give Rose Merc exposure to global infrastructure advisory and PPP projects, and Alpha's financials would be consolidated into the group's accounts. However, since only a non-binding LOI has been signed, the deal carries execution risk and no final commitment is in place yet.