AVATAR Industries Limited incorporated a new wholly-owned subsidiary, AVATAR AI MINDLAB PRIVATE LIMITED. The company invested Rs. 0.05 Crore as subscription capital for the venture.
Natural Capsules decided not to participate in its subsidiary Natural Biogenex's Rights Issue. Consequently, the company's stake in the subsidiary will dilute by 2.18%.
Invicta Diagnostic Limited is selling its associate entity, MSCRIBEIT INFOTECH LLP, for a cash consideration of Rs. 50,000. The transaction is expected to conclude by March 2027.
Route Mobile completed the slump sale acquisition of Heltar Technologies' AI-led Omnichannel Business Undertaking via its subsidiary, Route Connect Private Limited.
Inventurus Knowledge Solutions incorporated a step-down wholly owned subsidiary, Value Partners Collective ACO, LLC, in the USA to participate in a federal healthcare program.
Systematix Corporate Services is investing ₹2.5 Crore into its wholly-owned subsidiary, Systematix Wealth & Asset Services, via a rights issue for working capital requirements.
Go Digit General Insurance received approval from the Competition Commission of India for its proposed Scheme of Amalgamation with Go Digit Infoworks Services Private Limited.
Novartis AG completed the sale of 17.45 million shares to WaveRise and ChrysCapital, triggering a change in control and reclassification of the promoter to public category.
Alpa Laboratories Ltd. has approved exploring the incorporation of an overseas entity in Nigeria, 'Alpa Biopharm Limited,' in partnership with Blueseal Pharmaceuticals Limited. This is in-principle only.
Veranda Learning Solutions provided an update on its Composite Scheme of Arrangement. J.K. Shah Commerce Education Limited approved new Articles of Association and appointed new auditors.
Hazoor Multi Projects Ltd. completed the sale of 3.67% equity stake in its subsidiary, Square Port Shipyard Private Limited, which ceases to be a wholly-owned subsidiary.
Triveni Engineering & Industries Ltd announced material updates regarding its Composite Scheme of Arrangement, including share allotment, auditor appointment, and management changes at Triveni Power Transmission Ltd.
Transindia Real Estate notified shareholders about the NCLT-directed issuance of notices regarding the Scheme of Amalgamation of its subsidiary, Madanahatti Logistics and Industrial Parks.
TeamLease Services will divest its 30% stake in joint venture Crystal HR and Securities Solutions Private Limited for Rs. 10.12 Crore. The move aligns with portfolio rationalization.
Info Edge (India) Merger & Restructuring Worth ₹9.99 Cr
Info Edge will invest ₹9.99 Crore in its wholly-owned subsidiary, Sunrise Mentors (CodingNinjas). This cash investment aims to meet the subsidiary's working capital requirements.
Info Edge (India) Merger & Restructuring Worth ₹10 Cr
Info Edge intends to invest approximately ₹10 Crore in its subsidiary, CodingNinjas. This investment aims to meet the subsidiary's working capital requirements.
The Phoenix Mills and its subsidiary Offbeat are acquiring equity and debentures in O2 Renewable Energy XXVIII for solar power captive use. Total consideration is ₹5.76 Crore.
Indo National Ltd invested ₹34.99 Crore to acquire a 31.82% stake in Aidin Technologies Private Limited. The acquisition expands the company's presence in defence electronics.
5Paisa Capital Merger & Restructuring Worth ₹121.6 Cr
5paisa Capital Limited will acquire 100% of Giskard Datatech Private Limited for Rs. 121.57 Crore. The acquisition aims to integrate advanced data analytics into its digital platform.
Garment Mantra Lifestyle will disinvest its stake in Twenty Twenty Trading LLP for Rs. 37,000.00. The transaction involves a related party, Mrs. Shikha Aggarwal.
Promoters of Ramgopal Polytex entered an SPA to sell a 45.46% stake for ₹5.93 Crore. This transaction triggers a mandatory open offer to public shareholders.
Tanla Platforms approved the acquisition of ValueFirst Middle East FZC for an enterprise value of ₹148.52 Crore. This move expands Tanla’s global CPaaS market presence.
Deepak Nitrite's subsidiary, Deepak Phenolics, invested ₹120 Crore in Deepak Chem Tech via preference shares. This infusion strengthens the subsidiary's capital base.