26 Dec, EOD - Indian

SENSEX 78472.48 (0.00)

Nifty 50 23750.2 (0.10)

Nifty Bank 51170.7 (-0.12)

Nifty IT 43664.25 (-0.01)

Nifty Midcap 100 57125.7 (0.12)

Nifty Next 50 69165.85 (0.45)

Nifty Pharma 22712.55 (0.68)

Nifty Smallcap 100 18728.65 (-0.02)

26 Dec, EOD - Global

NIKKEI 225 39568.06 (1.12)

HANG SENG 20098.29 (1.08)

S&P 6038.69 (-0.11)

Login/Signup

Corporate News

You are Here : Home > News > Corporate News >

(23 Dec 2024, 11:31)

RattanIndia Enterprises proposes further investment in Neorise by way of conversion of loan

The board of directors of RattanIndia Enterprises in its meeting held today has approved to increase the investment of the Company in Neorise Technologies FZCO (Neorise), UAE, a wholly-owned subsidiary company of the Company, in equity from AED 1 million to AED 5 million, in one or more tranches, by way of subscribing new shares, including conversion of the loan of AED 2 million, earlier granted by the Company to Neorise, subject to the compliance of the applicable laws. Post acquisition of the shares by the Company, Neorise will remain the wholly owned subsidiary company of the Company.
More News