K&R Rail Engineering Limited announced that the company has incorporated the wholly owned subsidiary in the name and style K&R Global L.L.C-FZ in Dubai, UAE. Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity); Objects is to do project development consultants, general trading and other project Engineering and Constructions, project management consultancy services for civil works, design consultancy, for Rail and other infrastructure projects across the globe. Nature of consideration - whether cash consideration or share swap and details of the same; 100% initial subscription to the share capital in cash by K&R Rail Engineering Limited.

Percentage of shareholding /control acquired and /or number of shares acquired; Shareholding - 100% by K&R Rail Engineering Limited. Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief); Brief Background: K&R Global L.L.C-FZ is incorporated to do project development consultancy, general trading and other project Engineering and Constructions, project management consultancy services for civil works, design consultancy, for Rail and other infrastructure projects across the globe. History/Turnover: Not Applicable Country: UAE.