Skyways Air Services Limited has announced a further investment of up to AED 1,203,840 in its wholly-owned foreign subsidiary, Skyways SLS Cargo Services LLC, based in Dubai, UAE. This capital infusion will be through the subscription of additional equity shares and is intended to meet the subsidiary’s working capital requirements. The investment equates to approximately USD 327,888 or INR 3,13,29,824.80.
Skyways Air Services Boosts UAE Subsidiary Capital
Skyways Air Services Limited has disclosed a significant capital injection into its foreign subsidiary, Skyways SLS Cargo Services LLC, located in Dubai, United Arab Emirates. The company will invest up to AED 1,203,840, which is approximately USD 327,888 or INR 3,13,29,824.80. This investment is being made through the subscription of additional equity share capital, comprising 198 shares at a face value of AED 1000 each, including a premium of AED 5080 per share.
Strategic Investment for Working Capital
The primary purpose of this capital infusion is to support the working capital requirements of Skyways SLS Cargo Services LLC. The subsidiary is actively engaged in the logistics, transportation, and freight forwarding business in Dubai. The transaction is being conducted at arm’s length, with the promoters of Skyways Air Services Limited having a beneficiary interest in the target company, which is their subsidiary.
Subsidiary Details and Performance
Skyways SLS Cargo Services LLC was incorporated on August 7, 2021. For the financial year 2025-26, the subsidiary reported a turnover of INR 39.39 Crores. The investment will increase Skyways Air Services Limited’s shareholding and control in the subsidiary to 90%. The company anticipates this investment to be completed within approximately 30 days.
Source: BSE
