Indoco Remedies Merger & Restructuring
Indoco Remedies completed the slump sale of its Ophthalmic Division to Sunways (India) Private Limited. This strategic divestment streamlines the company's domestic and international business portfolio.
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Indoco Remedies completed the slump sale of its Ophthalmic Division to Sunways (India) Private Limited. This strategic divestment streamlines the company's domestic and international business portfolio.
Lux Industries incorporated Lux Global Limited as a wholly owned subsidiary for ₹0.05 Crore. The move facilitates a proposed business demerger.
R.S. Software's RTA, C.B. Management Services, is merging into MUFG Intime India. Investors will continue receiving services from the existing Kolkata address without disruption.
Windlas Biotech extinguished 4,70,000 shares following a ₹47 Crore buyback at ₹1,000 per share. The move reduces equity capital and enhances shareholder value.
Transworld Shipping Lines agreed to sell its vessel M.V. SSL Mumbai for ₹33.60 Crore. The transaction with Avana Logistek facilitates strategic asset monetisation.
Vinati Organics invested ₹19.88 Crore into its wholly-owned subsidiary Veeral Organics via rights issue. The capital infusion supports its fine specialty chemicals business.
Info Edge will invest ₹30 Crore in its wholly-owned subsidiary, Startup Investments (Holding) Limited. The capital supports tech investment opportunities and AIF contributions.
Ashika Credit Capital completed its strategic merger, reaching a ₹3,000 Crore valuation. The consolidated entity reports ₹92.07 Crore PBT, strengthening its position as a diversified financial services platform.
Balmer Lawrie's Board decided against a share buyback following capital restructuring deliberations. The company remains compliant with Ministry of Finance guidelines for CPSEs.
Adani Power Limited incorporated a wholly owned subsidiary, Integrated Power Supply Limited, with ₹0.05 Crore authorized capital. The new entity will focus on electricity trading.
Raymond Realty incorporated Ten X Realty South Limited as a wholly owned subsidiary. The strategic move targets real estate redevelopment projects to mitigate risks.
Kirloskar Electric Company successfully completed the merger of four wholly owned subsidiaries. The NCLT sanctioned the consolidation to streamline corporate structure and operations.
Windlas Biotech Limited completed a ₹47 Crore share buyback via tender offer. The company repurchased 4,70,000 equity shares, reducing its total paid-up share capital.
Vedanta Limited announced the cost of acquisition apportionment for its demerger into four resulting companies. This guidance helps shareholders determine post-demerger tax costs for their holdings.
OnEMI Technology Solutions approved a ₹637.50 Crore equity investment into its subsidiary Si Creva Capital Services. The capital infusion supports future business growth and regulatory requirements.
Digilogic Systems is incorporating a new subsidiary, Abhedhya Systems Private Limited, with a ₹0.04 Crore initial investment. This expands its RF and microwave engineering footprint.
Valiant Organics is evaluating restructuring options to simplify its corporate structure and achieve strategic synergies. The board has granted in-principle approval for this strategic realignment.
Ola Electric is infusing ₹500 Crore into its subsidiary, Ola Cell Technologies, to support cell manufacturing operations. The investment will be completed in tranches by May 2027.
Maharashtra Seamless Limited incorporated a new wholly-owned subsidiary, United Seamless Limited, with ₹0.05 Crore capital. The entity will focus on pipe manufacturing and oil exploration.
Delhivery Limited is incorporating a new fintech subsidiary with a ₹1 Crore investment. The unit will distribute financial products like insurance and payment solutions.
Invicta Diagnostic Limited completed the sale of its 47% stake in Porteus Medical LLP. This transaction finalizes the divestment for a consideration of ₹47,000.
Uno Minda approved a ₹20 Crore equity infusion into its EV systems subsidiary. The investment supports working capital needs and strengthens its electric vehicle component business.
Cella Space Limited sold its wholly-owned subsidiary Vijay Logistics Parks Private Limited for ₹16.33 Crore. The transaction streamlines its portfolio through a full divestment.
Clean Max Taurus Private Limited ceased to be a wholly owned subsidiary following Apple India's equity acquisition. The transaction completed on May 14, 2026.
Tuticorin Alkali Chemicals is divesting stakes in three green power entities for ₹7.37 Crore. The sale to Greenstar Fertilizers ensures compliance with TNERC captive consumption rules.
MPS Limited announced the voluntary de-registration of its Australian step-down subsidiary, App-eLearn Pty Ltd. The closure has no material impact on the company's consolidated financials.
CMS Info Systems approved a ₹167.93 Crore share buyback at ₹340 per share via tender offer. The board also recommended a ₹2.50 final dividend.
Carborundum Universal is closing its South African subsidiary FZL due to commercial unviability. The move involves a ₹16 Crore asset write-down in consolidated financial results.
Asit C Mehta's subsidiary will sell its Mutual Fund Distribution business for ₹6.59 Crore. The transaction improves net worth and refocuses on core operations.
Kirloskar Oil Engines will incorporate a wholly owned subsidiary in the Netherlands with a ₹2 Crore investment. This expansion targets global industrial and power sector segments.