NBCC (India) Ltd receives RBI’s approval to incorporate subsidiary in Dubai

State-owned NBCC (India) Ltd has announced that the company has received the RBI approval regarding incorporation of Wholly owned Subsidiary of NBCC in Dubai i.e. NBCC Overseas Real Estate LLC.

The Company has received RBI approval for Overseas Direct Foreign Investment to invest in the equity share capital of its newly incorporated entity. NBCC (India) Limited has accordingly remitted AED 1,000,000 as equity in NBCC Overseas Real Estate LLC.

 

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NBCC (India) Limited has established a wholly-owned subsidiary named NBCC Overseas Real Estate LLC in Dubai, UAE.

The new entity is focused on the real estate sector, specifically for the buying and selling of properties in Dubai. The incorporation of NBCC Overseas Real Estate LLC is part of NBCC's strategy to expand its global presence in real estate.

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