Omaxe Ltd has informed BSE that the Company had formed / promoted / incorporated a wholly owned subsidiary with the name Rohtas Holdings (Gulf) Ltd at Dubai, U.A.E.

Further note that, the Company through its above said Wholly Owned Subsidiary has ventured by way of acquisition / joint venture through a Special Purpose Vehicle by the name Golden Crescent RED & General Trading Ltd. for development of a Residential Project in Dubai with a project value of Rs 1350 Crores approx.

Further note that, the Company through its above said Wholly Owned Subsidiary has ventured by way of acquisition / joint venture through a Special Purpose Vehicle by the name Marine Sands Ltd. for development of the Project in The World, Dubai with a project value of
Rs 1500 Crores approx.