<h1>Building materials supplier launches UAE subsidiary with Rs 42 crore investment for real estate land arbitrage business</h1> A building materials and steel products supplier has established a wholly-owned subsidiary in the UAE to enter the real estate sector. The company plans to invest approximately Rs 42 crore over nine months, including working capital and deal facilitation costs. The subsidiary will focus on land arbitrage transactions, acquiring strategically located land parcels and reselling them to larger developers or institutional buyers at modest margins. This expansion represents part of the company's broader strategy to enter global markets while managing risk and creating shareholder value. The company previously raised Rs 48 crore through a rights issue in February to finance expansion plans.