Standard Engineering Technology Merger & Restructuring
Standard Engineering Technology is acquiring a 51% stake in Gscale Energy. This move targets the AI datacenter power and cooling infrastructure market.
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Standard Engineering Technology is acquiring a 51% stake in Gscale Energy. This move targets the AI datacenter power and cooling infrastructure market.
REC Limited's Board approved a merger scheme with Power Finance Corporation. The proposed share exchange ratio is 88 shares of PFC for 100 shares of REC.
REC Ltd approved a merger by absorption into Power Finance Corporation. The board also proposed raising up to ₹14,000 crore via NCDs.
Prime Focus subsidiary DNFL acquired a 48.45% stake in Ánima Kitchent Canarias for ₹13.70 Crore. This expands its Spanish animation capabilities.
Persistent Systems acquired 100% of Galaxy Germany Holding SE for EUR 135,000 (Rs. 1.45 Crore). The German entity will serve as a vehicle for European expansion.
Persistent Systems will acquire Nagarro SE for Rs. 2,250.59 Crore via its subsidiary. This strategic deal creates a $2.9 billion AI-led engineering powerhouse.
Authum Investment incorporated a wholly owned subsidiary, WindCrest Realty Private Limited, for real estate activities. The company invested Rs. 0.05 Crore for 100% equity stake.
VMS TMT approved the merger of Aditya Ultra Steel Limited. This amalgamation increases combined annual manufacturing capacity to 308,000 tonnes.
Solex Energy incorporated a new wholly-owned subsidiary, Solex BESS Private Limited, for ₹0.1 Crore. The unit focuses on battery energy storage systems to expand renewable energy operations.
Aditya Ultra Steel approved a merger into VMS TMT Limited. The combined entity will have an annual capacity of 306,000 tonnes.
Strides Pharma is selling a majority stake in subsidiary Pivot Path for ₹100 Crore. The buyer consortium includes Ascent Capital and Vintage Classic.
Strides Pharma Science announced a strategic investment in subsidiary Pivot Path by Ascent Capital. The deal values Pivot Path at Rs. 230 Crore post-money.
Asian Granito completed the disposal of its 26% stake in AGL Proteins and Allomex Steel. These entities are now associate companies of its subsidiary.
Subsidiary Arcadia Logistics executed an agreement to sell crane pontoon barge KB 19 to Vrinda Marine LLP. This supports the company's marine asset optimization.
Pricol approved the demerger of its DICVS Business into Pricol Autotech Limited. The demerged business had a turnover of ₹2,424.63 Crore.
Colinz Laboratories completed the sale of its factory and land to Hilsun Foods. The total consideration received for the transaction is ₹4 Crore.
Sumeru Industries' investment in AAPLS LLP will be extinguished as the LLP initiates striking off. The investment value is ₹1,900.
AXISCADES Technologies announced a major restructuring involving a Rs.1,459.97 Crore business transfer via slump sale. The aerospace and engineering units will move to new subsidiaries.
AXISCADES Technologies seeks shareholder approval to divest its engineering services business to Akkodis for USD 30.63 million. The transaction involves multiple subsidiaries across global markets.
APL Apollo Tubes approved selling its subsidiary, Blue Ocean Projects, for ₹160 crore. The deal with SG Realtor Private Limited should close by December 2026.
Digjam Limited received an NCLT order regarding the demerger of Reid & Taylor International Private Limited. The order directs the convening of stakeholder meetings.
Shri Bajrang Alliance Ltd completed its withdrawal from Shri Bajrang Chemical Distillery LLP. This cessation aims to optimize capital allocation and financial flexibility.
Persistent Systems signed a Business Combination Agreement to acquire Nagarro. The combined AI-led digital engineering group targets a $2.9 billion revenue run-rate.
Persistent Systems established a German subsidiary and acquired 21% of Nagarro SE. The company also approved a voluntary takeover offer for the remaining shares.
Utkarsh Small Finance Bank approved the sale of three NPA loan portfolios totaling ₹726.83 Crore. The bank is now seeking expressions of interest from ARCs.
GSFC received government approval to revise its stake in subsidiary GPLCL. The company's holding will reduce from 60% to 11%.
Wanbury approved incorporating subsidiary Wanbury Skin Health Limited with an outlay of ₹0.041 Crore. The company also appointed Ernst & Young LLP as internal auditor.
Powerica Limited incorporated Windfusion Renewable Private Limited as a wholly owned subsidiary. The subscription cost for the new entity is ₹0.25 Crore.
Subsidiary Onega Solar allotted shares worth ₹6.97 Crore to captive participants. This dilutes SAMIL's direct stake to 11.72% for a 15MW solar project.
Amber Enterprises declassified Ascent Circuits and Sidwal Refrigeration as material subsidiaries. This change follows the audited financial results for FY 2025-26.