REC Merger & Restructuring Worth ₹0.1 Cr
REC Ltd has incorporated two new wholly-owned subsidiaries, Beed Parli Power Transmission Limited and Yavatmal Power Transmission Limited, to facilitate power transmission projects.
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- ₹0.10 Cr
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REC Ltd has incorporated two new wholly-owned subsidiaries, Beed Parli Power Transmission Limited and Yavatmal Power Transmission Limited, to facilitate power transmission projects.
Rossari Biotech is selling its wholly-owned subsidiary, Rossari International Limited Company, to its Singapore subsidiary for approximately ₹24 Crore. This internal restructuring completes by March 2027.
Somany Ceramics acquired a 51% stake in Dura Build Care Private Limited for ₹10.30 Crore. This transaction was disclosed within the company's FY 2025-26 BRSR filing.
T.T. Limited incorporated a new wholly-owned subsidiary, T T Capital Partners Limited, with a paid-up capital of Rs. 0.01 Crore.
Navneet Education's subsidiary, Navneet Learning LLP, is divesting its partial stake in K12 Techno Services Private Limited for ₹329.68 Crore.
The Ministry of Information and Broadcasting approved the transfer of four FM station assets from Entertainment Network (India) Limited to its wholly-owned subsidiary.
Magnum Ventures Limited received 'Observation Letters' from BSE and NSE for its proposed Scheme of Arrangement involving a demerger with Magnum Paperz Limited.
SIS Limited acquired an additional 0.97% stake in Updater Services Limited for ₹12.67 Crore. This strategic investment is consistent with the company's investment policy.
Torrent Pharmaceuticals announced the voluntary dissolution of its Philippines-based subsidiary, Curatio Inc. The entity contributed Rs 1.3 Crore to the consolidated net worth.
Anupam Rasayan completed the 100% acquisition of Mates Visa Consultancy for INR 0.001 Crore. The target will support a restructuring exercise involving Bliss GVS Pharma.
Samvardhana Motherson received court permission for its acquisition of Yutaka Giken and Shinnichi. Completion is expected in the second quarter of financial year 2026-2027.
NIIT Learning Systems announced the merger of its step-down subsidiary, Stackroute Learning Inc., into NIIT (USA) Inc. The consolidation aims to drive operational simplification and organizational rationalization.
NIIT Learning Systems announced the merger of its step-down subsidiary Stackroute Learning Inc. into NIIT (USA) Inc. The internal restructuring aims to simplify operations without changing shareholding.
JSW Steel approved divesting up to Rs. 811 Crore in JSW One Platforms via an IPO offer-for-sale. JSW Cement noted the joint venture partner's board approval.
NDTV provided an update on acquiring the 'GoodTimes' Channel. The transaction is now expected to complete within approximately three months, pending regulatory approvals.
Race Eco Chain invested Rs. 1.17 Crore in subsidiary Ganesha Recycling Chain via a rights issue. The company maintains a 51% controlling stake in the recycling entity.
DCM Shriram signed an agreement to invest Rs. 104.4 Crore for a 26% stake in Serentica Renewables. The deal secures 58 MW of renewable power.
MITCON incorporated a new step-down subsidiary, MITCON Power Trading Limited, for Rs. 0.01 Crore. This entity will focus on expanding business into power trading.
Asian Hotels (East) subsidiary Novak Hotels exercised a buy option to acquire Hyatt Regency Mumbai. This asset acquisition expands the company's hospitality portfolio in Mumbai.
NCLT Allahabad Bench has sanctioned India Glycols Limited's demerger scheme. The Bio Pharma, Spirits, and Biofuel undertakings will be transferred to resulting companies EBL and ISL.
V-Marc India entered a strategic Joint Venture with Nepal-based Annapurna Rathi Cable Industries. The partnership targets tendering and manufacturing opportunities for MVCC projects until 2030.
Astonea Labs sold two commercial units in Gurugram for Rs. 2.99 Crore. The transaction aims to monetize assets and optimize the company's portfolio.
Rama Steel Tubes approved the sale of its Sahibabad non-core unit for Rs. 26.75 Crore. The transaction involves land and shed structures sold to Paras Buildwell LLP.
Alkem Laboratories completed the acquisition of a 51-55% stake in Swiss firm Occlutech Holding AG. Occlutech now becomes a step-down subsidiary of the company.
Aditya Birla Capital invested Rs. 484.5 Crore in its subsidiary, Aditya Birla Sun Life Insurance. The 51% shareholding remains unchanged following this rights issue allotment.
Workmates Core2Cloud approved incorporating a wholly owned subsidiary in Delaware, USA. The new entity will provide cloud migration, cybersecurity, and AI solutions for overseas growth.
Zota Health Care converted a Rs. 119.52 Crore unsecured loan into equity of its subsidiary Davaindia Health Mart. This debt-to-equity swap improves the group's consolidated net worth.
Jagsonpal Pharmaceuticals has completed the acquisition of an 85% equity stake in Aequitas Healthcare. This follows initial acquisition intimations made in June 2026.
MPS Limited received NCLT approval for the first motion application regarding its merger with ADI BPO Services. A meeting for equity shareholders is scheduled for August 2026.
Euro Panel Products incorporated a new subsidiary, Eurobond Dimensions Private Limited. The company acquired a 70% stake for Rs. 0.18 Crore.