GHV Infra Projects sets up subsidiary in UAE to explore opportunities overseas

Infrastructure and construction firm GHV Infra Projects Ltd on Monday said it has incorporated a subsidiary in the United Arab Emirates to explore opportunities in international markets.

The company has incorporated a wholly-owned subsidiary, GHV Infra FZ-LLC, in Ras Al Khaimah Economic Zone, the UAE, to carry out the business activities and explore opportunities overseas, it said in a statement.

"With substantial investments being made in infrastructure and construction across the Middle East and surrounding regions, the incorporation of GHV Infra FZ-LLC positions us to participate in these opportunities," the filing stated.


The company also announced that its board has approved the sub-division of the company's equity shares from Rs 10 per share to Rs 5 per share as well as a bonus issue in the ratio of 3:2, three new equity shares for every two existing equity shares held.

GHV Infra Projects this month secured an order worth Rs 120 crore for redevelopment of a railway station of South Eastern Railway in Jharkhand.