Sharanam Infraproject and Trading, a real estate company, will incorporate a wholly owned subsidiary in the United Arab Emirates and invest about ₹35 to ₹40 crore in the next 6-9 months.

The Board of Directors approved the proposal to float the new UAE subsidiary and investment of AED 15.5 million to AED 18 million, including working capital and deal facilitation costs.

The subsidiary will serve as the company’s strategic international arm and will be incorporated under the applicable legal framework in Dubai, UAE.

The subsidiary aims to acquire strategically located land parcels and subsequently resell them to larger developers or institutional buyers at modest margins.

The company aims to operate through a low-risk, asset-light structure, ensuring, minimal exposure on the parent company’s balance sheet, quick capital rotation and sustainable and scalable cash flows.

The investment will be structured in compliance with FEMA and RBI guidelines for overseas direct investment (ODI), wherever applicable, said the company.

The expansion marks a pivotal step in the company’s broader strategy of entering global markets in a risk managed manner and creating incremental value for shareholders.

The company will provide updates on key developments, incorporation status and project milestones in due course, it said.

Sharanam is also engaged in the supply chain distribution of various steel products including building materials such as seamless or welded steel pipes, blooms and slabs, besides seamless pipes for oil and gas industry, real estate and infrastructural projects in Gujarat and other states.

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Published on June 20, 2025