REC Merger & Restructuring Worth ₹0.15 Cr
REC Limited incorporated three new wholly-owned transmission subsidiaries with a combined capital of ₹0.15 Crore. These entities will manage interstate power transmission projects.
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- ₹0.15 Cr
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REC Limited incorporated three new wholly-owned transmission subsidiaries with a combined capital of ₹0.15 Crore. These entities will manage interstate power transmission projects.
Pee Cee Cosma Sope Ltd updated nominee shareholders for its wholly owned subsidiary, India Trading Infra Limited. Ownership and control remain unchanged following this administrative adjustment.
Biocon Limited will acquire 1.06 crore equity shares in Biocon Biologics via CCD conversion worth ₹473.40 Crore. The move aims to simplify its corporate structure.
Vedanta Limited modified its ESOS Trust deed following the demerger of several business verticals. This administrative update ensures employee benefit continuity across newly formed resulting companies.
Oberoi Realty approved incorporating a new wholly owned subsidiary with ₹0.01 Crore capital. The entity will undertake future real estate construction and development projects.
Barflex Polyfilms will invest ₹0.60 Crore into its subsidiary, Barflex Flexibles Private Limited. The transaction maintains its 60% stake to support subsidiary expansion plans.
Euro Panel Products incorporated a new majority-owned subsidiary, Euro Sealant Private Limited. The expansion targets India's growing INR 4,936 Crore sealants market by 2031.
GHV Infra Projects Ltd incorporated a new wholly owned subsidiary in Ohio, USA. The strategic ₹0.01 Crore investment supports its overseas business expansion and infrastructure growth.
Isgec Heavy Engineering is selling a 25% stake in its subsidiary for ₹4 Crore. The unit will transition from subsidiary to associate status by June 2026.
Garware Technical Fibres approved a ₹110 Crore share buyback at ₹680 per share. The tender offer targets 1,617,500 shares, representing 1.63% of paid-up capital.
Kaushalya Logistics withdrawn its logistics business demerger scheme due to unexpected migration and registration challenges. The board revoked all related resolutions with immediate effect.
Lumax Auto Technologies will sell its 50% stake in Lumax Jopp Allied Technologies for ₹0.01525 Crore. The deal marks a strategic exit from the joint venture.
Power Finance Corporation incorporated Pune West Power Transmission Limited as a wholly owned subsidiary SPV. The entity will develop a 765 kV transmission system project.
Clean Max executed an amended investment agreement with Apple India for their Taurus joint venture. The parties will subscribe to shares worth ₹209.09 Crore.
Clean Max Enviro Energy Solutions signed an amended agreement to sell its entire stake in Clean Max Ganga. The divestment completes a planned subsidiary exit.
Clean Max completed the sale of two subsidiaries to Clean Max Taurus Private Limited. This restructuring of equity holdings was finalized on May 07, 2026.
EMA Partners India Limited announced a ₹7.25 Crore equity share buyback via tender offer. The corrigendum updates entitlement ratios for small and general category shareholders.
CyberTech Systems and Software invested ₹40.84 Crore into its wholly-owned US subsidiary, CSSI. The capital contribution facilitates business expansion and operational growth in the US.
Arvind Limited completed an internal merger of its US-based step-down subsidiaries for USD 85.40 million. The restructuring consolidates its technical textiles business operations under Dalco GF Technologies.
EFC (I) Limited incorporated two wholly-owned real estate subsidiaries in India. This expansion strengthens the company's real estate services footprint.
Hariom Pipe Industries Limited invested ₹10.0 Crore in its subsidiary, Hariom Power and Energy Private Limited, acquiring 7,14,286 equity shares. This transaction increases its stake to 78.70% post-allotment. The funds will strengthen HPEPL's capital base for its 60 MW solar power project in Maharashtra.
Jagsonpal Pharmaceuticals Ltd announced a share buyback of 16,00,000 equity shares via a tender offer at ₹250 per share. The total buyback size is capped at ₹40 Crore. The offer opens on May 8, 2026, and closes on May 14, 2026, aimed at returning capital to shareholders.
Crestchem Limited announced its subsidiary, OLEO BIOSCIENCES PRIVATE LIMITED (75% stake), has commenced operations after completing RoC filings. The new entity will manufacture speciality oleo chemicals, with a pilot plant being established in Bangalore.
Adani Green Energy Limited's subsidiary incorporated two new wholly-owned step-down subsidiaries, ARE64S1L and ARE64S2L, on May 07, 2026. Both entities are based in India and will operate in the renewable energy sector with an authorized capital of ₹1,00,000 each.
Power Finance Corporation Ltd incorporated a new wholly owned subsidiary, Fatehgarh II Transmission Limited, through its subsidiary PFCCL. The SPV will handle the installation of synchronous condenser units in Rajasthan. This entity will eventually be transferred to a successful bidder selected through a tariff-based competitive bidding process.
Gokak Textiles Limited is selling its knitwear manufacturing plant in Karnataka to M/s V. G. Parekh & Co. for ₹19.50 Crore. The transaction, originally set for January 2026, is now delayed by three months due to process delays. The unit contributed 5.17% to the company's FY 2024-2025 turnover.
Jio Financial Services Limited has invested ₹300 Crore in its wholly owned subsidiary, Jio Finance Platform and Service Limited (JFPSL). The company subscribed to 30 crore equity shares at par to fund JFPSL's business operations in financial product distribution. The transaction was conducted at arm's length and has been completed.
Narmada Agrobase Limited incorporated a wholly owned subsidiary, Narmada Bio Feed Private Limited, on May 6, 2026. The new entity, focused on the cattle feed and renewable energy products industry, has an initial capital subscription of ₹0.01 Crore for 10,000 shares.
Oswal Pumps Limited, through its subsidiary Oswal Solar Energy Private Limited, incorporated a new step-down subsidiary on May 06, 2026. The new entity, Oswal Doon Baran Bundi Solar Projects Limited, was formed as a special purpose vehicle for solar power projects in Rajasthan. The company acquired a 60% stake for ₹0.006 Crore.
Clean Max Enviro Energy Solutions Limited is investing ₹104.50 Crore in its subsidiary, Clean Max Taurus Private Limited. The transaction involves subscribing to 2,38,732 equity shares at ₹4,377 each. Concurrently, Apple India will also invest in Taurus, resulting in the parent company holding 51% and Apple India holding 49% stake in the subsidiary.