Penny Stock Under Rs 12: Company to Acquire 51% Stake in Dubai-Based GMIIT for USD 1 Million

Sellwin Traders Limited has signed a Memorandum of Understanding (MOU) with Global Market Insights IT Services LLC (GMIIT), Dubai, to acquire more than 51 per cent equity for around USD 1 million (approx. Rs 8.5 crore). The acquisition will make GMIIT a subsidiary of Sellwin, strengthening its presence in the Gulf region.

As part of the strategic partnership, Sellwin expects a Return on Investment (ROI) of 7 per cent or more per annum. The collaboration will focus on expanding IT services, market research, consulting, and digital solutions across the Gulf market. Both firms will jointly invest in business infrastructure, resources, and client development, along with joint branding and marketing efforts. The MOU is valid for six months or until the signing of a definitive agreement.

Sellwin has also been active in fund-raising plans. In its board meeting dated 31 July 2025, the company approved the issue and allotment of up to 4.75 crore warrants at a minimum price of Rs 8.40 per warrant to fund its expansion. Such capital-raising initiatives are common among small-cap and Mid-Cap companies aiming for diversification and growth.

GMIIT, headquartered in Dubai, is engaged in Artificial Intelligence, Blockchain Development, Cybersecurity, Website Development, Digital Marketing, and Custom Application Development. It has a presence in India, Qatar, Canada, the UK, and KSA. For Q1FY26 ended June 2025, GMIIT reported a net profit of Rs 3.14 crore, a 350 per cent year-on-year rise from Rs 70 lakh in Q1FY25. Revenue grew 31.4 per cent to Rs 21.85 crore compared to Rs 16.63 crore in the same period last year. For FY24-25, the company reported a net profit of Rs 2.79 crore and revenue of Rs 74.28 crore.

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Commenting on the development, Mr. Monil Vora, Director of Sellwin Traders Limited, stated that the investment is aligned with the company’s vision to enter high-growth, future-ready sectors. He highlighted that the Gulf region is becoming a hub of digital transformation, making this acquisition a step forward in delivering innovative solutions.

The transaction will be subject to financial, legal, and operational due diligence and carried out in compliance with corporate, foreign exchange, and securities laws of both India and the UAE. Under the partnership terms, Sellwin will have the right to appoint a majority of directors on GMIIT’s board, with key management roles to be finalized jointly.

Disclaimer: The article is for informational purposes only and not investment advice.