GTT Data Solutions Merger & Restructuring Worth ₹110 Cr
GTT Data Solutions Limited is acquiring STRATIS Management and IT Consulting Limited for a total consideration of ₹110 Crore. This strategic move strengthens the company's European consulting presence.
GTT Data Solutions Merger & Restructuring Worth ₹9.33 Cr
GTT Data Solutions Ltd will acquire a 48.95% stake in Insurants AI Limited for ₹9.33 Crore via share swap to expand its AI-driven insurance automation capabilities.
Spandana Sphoorty Financial approved the amalgamation of its wholly-owned subsidiary, Criss Financial Limited, into the company. The board also appointed Neeraj Swaroop as an Independent Director.
20 Microns Ltd has acquired a 99.99% partnership interest in M/s Shree Shrest Minerals for ₹1.50 Crore. This acquisition secures mining rights for Quartz and Feldspar.
Shukra Pharmaceuticals entered a term sheet for a 60:40 strategic joint venture with Borns Medical Robotics. The venture aims to manufacture AI-enabled surgical robotic systems.
Info Edge (India) Merger & Restructuring Worth ₹98.9 Cr
Info Edge (India) Limited approved a Rs. 8.90 Crore investment in Udyogtech Ventures and a Rs. 90 Crore infusion into its wholly-owned subsidiary Startup Investments.
Adani Energy Solutions Merger & Restructuring Worth ₹0.05 Cr
Adani Energy Solutions has acquired a 100% stake in Vizag Power Transmission Limited for ₹0.05 Crore. The acquisition facilitates power supply for Green Hydrogen projects in Vizag.
Adani Energy Solutions Limited has executed a Share Purchase Agreement to acquire 100% equity in Vizag Power Transmission Limited. The target company facilitates power supply for local Green Hydrogen projects.
Greaves Cotton acquired the remaining 20% stake in Excel Controlinkage for a total 100% shareholding. Excel is now a wholly owned subsidiary following this final tranche completion.
Propshop Events and Exhibitions Merger & Restructuring Worth ₹0.11 Cr
Propshop Events and Exhibitions Limited will incorporate wholly owned subsidiaries in the USA, Germany, Poland, and UAE. The cumulative cash investment for these entities is ₹0.11 Crore.
Rainbow Children’s Medicare Limited has completed the acquisition of a 64% partnership interest in Super Prime Medical Care LLP. This transaction formalizes the previously announced agreement.
Samvardhana Motherson International Merger & Restructuring
NCLT Mumbai has approved the share capital reduction of Motherson Technology Services Limited. Following this, MTSL and its subsidiaries will become wholly-owned subsidiaries of Samvardhana Motherson.
Ashok Leyland's board approved investments up to ₹325 Crore in subsidiary Optare Plc and ₹500 Crore in Hinduja Housing Finance Limited to strengthen its EV and housing finance presence.
Zensar Technologies announced the completed merger of its US subsidiaries M3BI LLC and Bridgeview Life Sciences LLC into Zensar Technologies Inc. The mergers become effective September 1, 2026.
The NCLT Mumbai Bench has allowed the first motion application for the amalgamation of Go Digit Infoworks Services with Go Digit General Insurance. The tribunal directed the company to convene a shareholders' meeting within 90 days.
Propshop Events and Exhibitions Merger & Restructuring Worth ₹0.31 Cr
Propshop Events and Exhibitions approved the incorporation of four wholly owned subsidiaries in USA, Germany, Poland, and Dubai. The total initial investment across these entities is approximately ₹0.30 Crore.
L. T. Elevator Limited has executed a Share Purchase Agreement to acquire 100% of Ricardo Elevators Private Limited. The acquisition will be completed via a share swap.
Tata Steel has approved the divestment of its entire 100% stake in Jamshedpur Football and Sporting Private Limited to Churchill Brothers for a nominal consideration of ₹100.
Brightcom Group's subsidiary, OnoMagic, has acquired the remaining ownership interest in The Perspective, making it a 100% owned digital publishing platform.
Exato Technologies will reduce the share capital of its Australian subsidiary by AUD 40,000. This capital restructuring aims to optimize the Group's financial resources.
Delta Corp shareholders and unsecured creditors approved a Composite Scheme of Arrangement with Deltin Hotel & Resorts and others. The NCLT-convened meetings were held via video conferencing.
Ace Software Exports Limited has completed the acquisition of the remaining 1.38% stake in Ace Infoworld Private Limited for ₹0.08 Crore, making it a wholly-owned subsidiary.
L T Elevator Merger & Restructuring Worth ₹12.99 Cr
L.T. Elevator Limited will acquire 100% of Ricardo Elevators Private Limited via a share swap, discontinuing the previously proposed merger. This acquisition will be financed through a preferential issue of equity shares worth ₹12.99 Crore.
Jet Freight Logistics will increase its borrowing and charge-creation limits to ₹250 Crore, while setting a ₹150 Crore limit for loans and investments. The company also announced a capital infusion into its US subsidiary and the voluntary dissolution of its Dutch subsidiary.
Mankind Pharma has incorporated a wholly-owned subsidiary in the Netherlands, "Mankind Pharma (Netherlands) B.V.", with an issued capital of ₹55.06 Crore.
Jay Kailash Namkeen Merger & Restructuring Worth ₹15.25 Cr
Jay Kailash Namkeen will acquire Vayuveer Solutions as a subsidiary via a share swap. The board approved issuing 33.74 lakh shares worth Rs. 15.25 Crore.
