By News18

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New Delhi, Sep 22 (PTI) 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. PTI ABI ABI ANU ANU