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LEAP India Invests ₹9.64 Crore in UAE Subsidiary
LEAP India put another $1 million into a company it fully owns in the UAE.
That amount is about ₹9.64 crore.
The UAE company is called LEAP MENA Holdings.
It was set up in July 2026.
The money will be passed to another company it owns, LEAP Pallet Pooling Trading LLC.
That company can use the funds to run its business, buy or invest in assets, and cover working capital.
LEAP India made the investment under India’s automatic foreign-investment route.
It will continue to own all of LEAP MENA Holdings.
LEAP India reported an additional investment of $1 million, approximately ₹9.64 crore, in its wholly owned UAE subsidiary.
The investment was made through the subscription of 999,999,999 equity shares priced at $0.001 each.
The remittance was calculated using an exchange rate of $1 to ₹96.44.
LEAP MENA Holdings was incorporated on July 1, 2026, as a private company limited by shares in Abu Dhabi Global Market.
Funds will go to subsidiary LEAP Pallet Pooling Trading LLC for operations, asset investment, and working capital.
- Who
- LEAP India Limited
- What
- Invested $1 million, approximately ₹9.64 crore, in its wholly owned subsidiary LEAP MENA Holdings Limited.
- Where
- LEAP MENA Holdings Limited is based in the UAE and was incorporated in Abu Dhabi Global Market.
- When
- Reported on October 6, 2026.
- Why
- The funds are intended for business operations, asset investment, and working capital through LEAP Pallet Pooling Trading LLC.
Key facts
- Investment
- $1,000,000, approximately ₹9.64 crore
- Exchange rate used
- $1 = ₹96.44
- Shares subscribed
- 999,999,999 equity shares
- Price per share
- $0.001
- Subsidiary incorporation
- July 1, 2026
- Ownership after allotment
- LEAP India retains 100% control of LEAP MENA Holdings
- Investment route
- Automatic route under the Foreign Exchange Management Act
Sources
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