Sellwin Traders has entered into a Memorandum of Understanding (MoU) with Global Market Insights IT Services LLC (GMIIT), Dubai, to form a strategic business partnership aimed at expanding and strengthening GMIIT’s operations in the Gulf region. As per the MOU, the company will make a controlling investment of more than 51% equity in GMIIT for around $1 million (around Rs 8.5 crore), thereby making the Dubai-based company its subsidiary. The collaboration marks a significant step in the company’s diversification strategy, while providing GMIIT the necessary financial and strategic support to scale up its operations across the Gulf market. The company expects Return on Investment (ROI) of 7% or more per annum from this partnership. 

The MOU will remain valid for six months or until the execution of a definitive agreement, whichever is earlier. The partnership will focus on expansion of IT services, market research, consulting, and digital solutions. In Gulf region. Both companies will jointly invest in developing business infrastructure, resources, and a strong client base. The agreement also envisions joint branding and marketing efforts to strengthen visibility and credibility in the region. The investment by the company may be structured in cash, in kind, or through a share swap arrangement, subject to mutually agreed terms. The transaction will undergo comprehensive financial, legal, and operational due diligence of GMIIT and will be carried out in compliance with applicable corporate, foreign exchange, and securities laws of both India and the UAE.

Sellwin Traders have been Providing Services in Real Estate and Properties, Investment and Trading in Shares & Securities, investment in properties, Providing Finance related services and other advisory.