EXPLEOSOLExpleo Solutions Limited
Expleo Solutions invests ₹2.10 crore in its GIFT City subsidiary after IFSCA registration
- Mergers & acquisitions
- IT Services
Expleo Solutions Limited has told the exchanges on 9 Oct 2026 that its wholly owned subsidiary, Expleo Solutions GIFT IFSC Limited in Gujarat, received a Certificate of Registration from the International Financial Services Centres Authority on 9 Oct 2026. The company has invested the USD equivalent of ₹2,10,00,000 in the subsidiary’s share capital, divided into 21,00,000 equity shares of ₹10 each, with the allotment to be made afterwards.
The filing describes the entity as one in GIFT City, which it says the Government of India is developing as a global financial services hub. The company says it is in the financial services industry, and that the promoter group’s interest is through common directorship.
Inference
The amount is small, and the registration is the licence needed to operate from GIFT City. The part of the filing reviewed here does not say what business the subsidiary will do.
Reference: Original filing (PDF)
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