India PR Distribution Mumbai (Maharashtra) [India], December 27: Rose Merc Limited (BSE Code: 512115; Scrip ID: ROSEMER) has announced a significant step in its growth trajectory with the acquisition of a 30.07% stake in Emirates Holding FZ LLC (EHG), a leading UAE-based company. Also Read | Instagram New Feature Updates: Meta-Owned Photo and Video Sharing Platform Working on Story Highlight Feature; Check Details.
This strategic acquisition positions Rose Merc as a key player in the dynamic GCC region, a global hub of economic growth and innovation. By partnering with EHG, Rose Merc strengthens its foundation to expand operations, unlock new business opportunities, and diversify its portfolio, underscoring its commitment to enhancing its global presence. "This acquisition is a major milestone for Rose Merc, enabling us to accelerate our expansion in the GCC region.
Emirates Holding's proven expertise and established market presence make them an ideal partner as we work together to redefine marketing and event management in the region," said Purvesh Shelatkar, Chairman of Rose Merc Limited. Also Read | Dr Manmohan Singh Dies: PM Narendra Modi, Amit Shah, JP Nadda and Others Pay Tributes to Former PM (Watch Videos). Hanif Shaikh, Chairman and Founder of Emirates Holding FZ LLC, shared his excitement: "This partnership with Rose Merc aligns seamlessly with our growth aspirations.
Together, we will drive innovation, efficiency, and unparalleled value for our clients, setting new.
