Key Highlights
- DreamFolks board approves ₹36 crore investment.
- Investment structured through secondary purchase and fresh share subscription.
- Acquisition to result in 60.24% stake in ETT Solutions DMCC.
- ETT to become a foreign subsidiary after completion.
- Deal to enhance DreamFolks’ global lounge and travel services network.
- Regulatory formalities under FEMA and DMCC required.
- Completion expected within 120 business days.
DreamFolks Services Limited has approved an investment of approximately ₹36 crore to acquire a 60.24% stake in ETT Solutions DMCC. The decision was taken during the company’s board meeting held on December 1, 2025. The acquisition will be completed through a mix of secondary share purchase and subscription to newly issued shares, following which ETT will operate as a foreign subsidiary.
ETT Solutions DMCC has shown significant financial improvement, moving from a net loss in 2024 to a stronger position in 2025. For the ten months ending October 31, 2025, the company reported a turnover of AED 7.6 million and a profit of AED 0.8 million.
The company stated that the acquisition supports its strategy of global expansion, client diversification and integration of advanced technological capabilities. The move is expected to strengthen DreamFolks’ international lounge access and travel services portfolio, enabling it to offer enhanced customer experiences across multiple geographies.
ETT Solutions DMCC, operating under the “Easy to Travel” brand, provides airport lounge access and various fast-track airport services. The company serves travellers across more than 120 countries and 500 airports worldwide, with operations spanning regions including the UAE, England and Wales, Turkey, Hong Kong and Singapore.
The proposed acquisition will be settled through cash consideration via an authorised dealer bank in multiple tranches. Completion is subject to procedural requirements such as Overseas Direct Investment filings and updated shareholding records from the DMCC Authority. The process is expected to conclude within 120 business days.