Wise Travel India Limited — JV/Acquisition, 02-09-2025: Acquisition

Wise Travel India (WTICAB) is strengthening its wholly-owned Dubai subsidiary, WTI Rent a Car LLC. Instead of an acquisition, WTICAB is converting existing loans into equity to bolster the subsidiary's capital structure and de-leverage it for future growth. No new capital is being infused. WTI Rent a Car, operating in car rentals, reported FY24-25 turnover of AED 5,629,599 and FY23-24 of AED 303,699. This move aims to improve the subsidiary's financial health and profitability without fresh investment.