Sellwin Traders Limited has signed a memorandum of understanding with Shivam Contracting Inc., a U.S.-incorporated corporation to form a strategic equity-linked partnership. Under the MOU, STL has agreed in principle to invest up to USD 6 million to participate in SCI’s ongoing and future projects across the United States.
Under the terms of the MOU between both parties, Sellwin Traders Ltd can acquire a 60% equity stake in Shivam Contracting Inc. The acquisition consideration will be settled via issuance of shares by Sellwin Traders Limited at agreed rate which should not be less than INR 18 per Share. A fair valuation of SCI for this deal will be conducted as of December 31, 2025. The MOU remains valid for 12 months from the signing date.
Shivam Contracting Inc. is a U.S.-based contracting company engaged in executing construction and infrastructure projects within the United States.Shivam Contracting Inc. commits to repatriating the invested funds to India within two years of each tranche, with a guaranteed minimum return of 7% per annum—designed to ensure attractive risk-adjusted returns for STL shareholders.
Pursuant to the MOU, Sellwin may invest up to USD 3 million (approx. Rs. 26 crore), reinforcing its vision of global expansion through strategic alliances with a phased, measured approach to capital deployment and partnership growth.Execution of the definitive investment will require approvals from key regulators, including the RBI, SEBI, BSE, FEMA, and MCA in India, alongside relevant corporate and regulatory clearances in the U.S.
Commenting on the development, Mr. Monil Vora, Director, Sellwin Traders Limited, said, “We are excited to embark on transformative global partnerships, reaffirming our growth-centric vision. The USD 6 million equity-linked investment in Shivam Contracting Inc. strengthens our exposure to the U.S. infrastructure sector with attractive return and assured fund repatriation within two years. Simultaneously, the planned controlling acquisition of Dubai’s GMIIT amplifies our footprint in the Gulf IT services market, targeting over 51 percent equity. Bolstered by a robust Q1 FY26 performance we are strategically positioned for accelerated value creation.”
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