Nitco Merger & Restructuring Worth ₹4,500 Cr
Nitco Limited formed a joint venture with The House of Abhinandan Lodha to develop a mixed-use real estate project in Alibaug valued at ₹4,500 crore.
- Value
- ₹4,500 Cr
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Nitco Limited formed a joint venture with The House of Abhinandan Lodha to develop a mixed-use real estate project in Alibaug valued at ₹4,500 crore.
IRB Infrastructure Developers is merging multiple subsidiaries into itself to simplify corporate structure and improve operational efficiency. No consideration is payable and no new shares issued.
Mankind Pharma's board approved the voluntary liquidation of its subsidiary, Bharat Serums and Vaccines Limited, to integrate its business into the parent company.
Devyani International's non-operational subsidiary, Devyani RK Private Limited, has been dissolved following a voluntary strike-off by the Registrar of Companies.
Bikaji Foods International sold a 30% stake in its subsidiary Bikaji Bakes Private Limited for ₹30,000. Following the sale, the entity remains a 70% owned subsidiary.
Jain Resource Recycling executed a Loan Conversion Agreement to convert a Rs. 44.50 Crore loan into equity. Its stake in subsidiary Jain Ikon will increase to 99.74%.
Zydus Lifesciences Limited has incorporated a wholly owned subsidiary, Zydus Global Treasury Centre IFSC Limited, in GIFT City, Gujarat. The subsidiary has a paid-up capital of Rs. 5 Crore.
REC Limited’s subsidiary, RECPDCL, incorporated a new SPV, Vikramshila Power Transmission Limited, for a power transmission project. This incorporation involved a cash consideration of ₹0.05 Crore.
Veefin Solutions' subsidiary Infini Systems Limited entered a slump sale agreement to transfer its business undertaking to Nityo Tech Private Limited for ₹30 Crore.
REC Limited incorporated two new wholly-owned subsidiaries, Vikramshila Power Transmission Limited and Alkud II Power Transmission Limited, as special purpose vehicles for power transmission projects.
Honasa Consumer has terminated its proposed acquisition of a 58% stake in Fluence Pharma Private Limited due to the non-fulfilment of closing conditions.
Oriana Power Limited will sell a 26% stake in its subsidiary, Dynospark Private Limited, to JK Lakshmi Cement Limited for up to ₹16 Crore.
NCLT approved a selective capital reduction of subsidiary GRMPL, effectively increasing Godrej Properties' indirect stake from 51% to 96.81% without cash consideration.
SRM Contractors Ltd has incorporated a new associate company, GIRAFFE SRM ESTATES PRIVATE LIMITED. The entity will focus on highway infrastructure and wayside amenities.
Arvind Limited has mutually agreed to terminate the Power Transfer Agreement and Share Subscription and Shareholders' Agreement dated May 12, 2025, with TU28.
Zodiac Energy Ltd incorporated a new wholly-owned subsidiary, Zodiac Energy IPP-2 Private Limited, to support its solar power and EPC projects strategy.
Striders Impex Limited is investing ₹3.28 Crore in its wholly-owned subsidiary, Striders Hub General Trading L.L.C. The funds will support working capital requirements.
Varun Beverages will incorporate a joint venture in Tunisia to produce and distribute beverages. The company will hold a 75% stake for a cash consideration.
Varun Beverages approved incorporating a wholly-owned subsidiary in India and a joint venture in Tunisia. The India subsidiary's proposed paid-up capital is ₹9 Crore.
AAA Technologies signed an MOU to participate in the CIRP of Educomp Solutions via an SPV, committing ₹6 Crore as refundable bid security.
Orient Press Limited's board approved selling its factory at Boisar, Maharashtra, for at least Rs. 24 Crore. Proceeds will fund working capital and expansion programs.
Orient Press Limited's board has approved the disposal of its factory at MIDC Tarapur Industrial Area. The transaction is subject to shareholder approval at the upcoming AGM.
Josts Engineering Company Limited has incorporated a wholly-owned subsidiary, Josts Techno Solutions Limited. The new entity will operate in the engineered products and services business.
Sudarshan Chemical's subsidiary will acquire a manufacturing plant in Muttenz, Switzerland, from Clariant Additives for a base price of CHF 7 million plus inventory value.
Majestic Auto Ltd is selling its subsidiary, Sharan Hospitality Pvt Ltd, for ₹24.83 Crore. The transaction involves a cash consideration and is expected to close by October.
Majestic Auto will transfer securities acquired under a resolution plan for Sharan Hospitality to external investors for a total sale consideration of ₹105.43 Crore.
Prozone Realty Limited completed the sale of its stake in Kruti Realtors, Alliance Mall Developers, and Empire Mall to Inorbit Malls for ₹1,242.50 Crore.
Speciality Restaurants' subsidiary, SHIPL, allotted equity shares to Esensos Services for ₹5.53 Crore. This issuance diluted the parent company's stake in the subsidiary to 51.21%.
Inox Green Energy Services Limited announced the allotment of 4,89,82,030 equity shares of Inox Renewable Solutions Limited pursuant to an NCLT-sanctioned Scheme of Arrangement.
Propshop Events will incorporate three wholly-owned subsidiaries in Germany, Poland, and the UAE. The company will invest a total of ₹3 Crore towards these new incorporations.