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Every merger & restructuring announcement on NSE and BSE that our alert engine sent, newest first.
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Shri Dinesh Mills Ltd announced a Board-approved demerger of its FELT business into a separate, listed legal entity. Additionally, the company disclosed a Family Settlement Agreement between the BUP and NUP families to ensure long-term harmony. This restructuring aims to unlock value by segregating the FELT and Residual business verticals.
Parle Industries Limited announced that Golden-Valley Treasure Park Pvt. Ltd. (GVTPL) has ceased to be its subsidiary following a rights issue to strategic investors. The company's stake was diluted substantially, and GVTPL will be reclassified as an Associate effective March 31, 2026.
Ashoka Buildcon Limited has invested ₹14.52 Crore in its wholly-owned subsidiary, Ashoka Baswantpur Singnodi Road Private Limited. The target is an SPV developing a 6-lane highway project for NHAI. This investment represents share application money for new shares, with the subsidiary remaining 100% owned by the company.
Aeroflex Enterprises Limited has agreed to sell its subsidiary, M.R. Organisation Limited, to Ingersoll‑Rand Industrial US, Inc. for ₹227.42 Crore in cash. The transaction follows shareholder approval and is expected to conclude by August 30, 2026. This disposal represents a significant divestment of a unit contributing 13.53% to the company's previous year's turnover.
Pidilite Industries' subsidiary PVPL will invest up to ₹22 Crore in Buildnext via CCPS subscription. Simultaneously, PVPL entered a share swap agreement to transfer its Buildnext stake to JSW One Platforms. The transaction, expected to conclude by August 2026, will result in PVPL holding a majority stake in Buildnext on a fully diluted basis.
Larsen & Toubro Limited has entered an agreement to sell its subsidiary, L&T Metro Rail (Hyderabad) Limited, to Hyderabad Metro Rail Limited for ₹1,461.47 Crore. The transaction, expected to close by June 30, 2026, will also release L&T from existing corporate guarantees and letters of comfort upon debt refinancing by the buyer.
Gujarat Gas Limited announced the issuance of 62.27 Crore equity shares pursuant to a Scheme of Arrangement approved by the MCA. The company set May 12, 2026, as the Record Date for the share issuance. This transaction will increase the company's paid-up share capital from ₹137.68 Crore to ₹187.65 Crore.
Euro Panel Products Limited incorporated a new subsidiary, Euro Sealant Private Limited, in Tamil Nadu with a capital of ₹0.50 Crore. The company holds a 51% majority stake. The new entity will manufacture and trade chemicals, sealants, and adhesives, expanding the group's product portfolio in the polymer sector.
Euro Panel Products Limited incorporated a new subsidiary, Euro Sealant Private Limited, in Tamil Nadu for ₹0.26 Crore. The company holds a 51% majority stake in the new entity, which will focus on the chemicals, adhesives, and sealants business.
Shri Dinesh Mills Ltd announced a demerger of its FELT business into a separate listed entity. This follows a family settlement agreement between the BUP and NUP promoter families to ensure long-term harmony. The Board approved the reorganization to unlock value, with the residual business remaining in the existing company.
Brigade Group has partnered with Bain Capital to form a 50:50 joint venture for a ₹2,200 Crore mixed-use development in Whitefield, Bengaluru. The 11-acre project will include 2 million sq. ft. of Grade A office space and a five-star hotel. This strategic collaboration leverages global institutional capital to accelerate high-value urban developments.
Aeroflex Enterprises Limited approved the sale of its 68% stake in subsidiary MR Organisation Limited to Ingersoll-Rand Industrial U.S., Inc. for ₹227.42 Crore. The transaction marks the company's exit from the compressor parts business and is expected to close within 120 days.
Justo Realfintech Limited is transferring its premium real estate branding and sales business to its subsidiary, Chestertons India Private Limited, for ₹9.15 Crore. The transaction will be settled via the allotment of 95,000 Optionally Convertible Preference Shares. This restructuring aims to streamline operations and improve group efficiency through focused business units.
Brigade Enterprises completed a ₹439.75 Crore investment in Vibrancy Real Estates Private Limited (VREPL) alongside GSS India Opportunities AIF. Consequently, VREPL has transitioned from a wholly-owned subsidiary to a 50:50 joint venture. The entity will develop a 2 million square foot integrated project featuring offices and a hotel.
Larsen & Toubro is divesting its entire stake in L&T Metro Rail (Hyderabad) Limited to Hyderabad Metro Rail Limited for ₹1,461.47 Crore. The transaction, expected to close by June 30, 2026, will result in the entity ceasing to be an L&T subsidiary.
Jagsonpal Pharmaceuticals Limited announced a buyback of up to 16,00,000 equity shares at ₹250 per share, totaling ₹40 Crore. The buyback will be conducted via a tender offer on a proportionate basis. The company has fixed May 4, 2026, as the record date to determine eligible shareholders for the offer.
Homesfy Realty Limited has withdrawn its proposed equity share buyback, previously approved on October 25, 2025. The decision follows the identification of inadvertent errors in the buyback size computation. This withdrawal ensures compliance with the Companies Act and SEBI regulations.
Magellanic Cloud Limited announced a ₹100 Crore (~$11 million) joint venture with Rayonix Tech and XTEND to manufacture advanced UAV systems in India. The JV will establish localized manufacturing and testing, leveraging XTEND's XOS operating system. This marks a major expansion into India's defense sector, supporting 'Make in India' initiatives.
Indus Towers incorporated a wholly owned subsidiary, Indus Towers Global Ventures IFSC Limited, in GIFT City, Gujarat, on April 28, 2026. The new entity, with an initial capital of ₹2.00 Crore, will serve as an investment holding company and manage overseas treasury functions.
J. B. Chemicals & Pharmaceuticals Ltd shareholders approved the Scheme of Amalgamation with Torrent Pharmaceuticals Limited during an NCLT-convened meeting. The resolution passed with a requisite majority of three-fourths in value. This marks a critical regulatory milestone in the merger process between the two pharmaceutical entities.
Clean Max Enviro Energy Solutions approved the sale of its wholly-owned subsidiaries, Clean Max Solomon and Clean Max Ilgohp, for a combined ₹0.0075 Crore. The stakes will be sold to SAMHI Hotels Limited and Nuvoco Vistas Corporation Limited, respectively, with completion expected by June 2026.
J.B. Chemicals & Pharmaceuticals Limited shareholders have approved the Scheme of Amalgamation with Torrent Pharmaceuticals Limited. The meeting, convened by the NCLT Ahmedabad Bench, saw the proposal passed with the requisite majority through e-voting. This marks a significant milestone in the merger process between the two pharmaceutical entities.
Prozone Realty Limited has agreed to sell its subsidiary, Kruti Realtors and Developers Private Limited, to Inorbit Malls Private Limited for approximately ₹1,242.50 Crore. The cash transaction is expected to conclude by August 25, 2026. This significant divestment to an external buyer is subject to shareholder approval under LODR Regulation 37A.
Prozone Realty Limited has agreed to sell its subsidiary, Empire Mall Private Limited, to Inorbit Malls Private Limited for approximately ₹1,242.50 Crore. The cash transaction is expected to complete by August 25, 2026, subject to shareholder approval and closing adjustments.
Prozone Realty Limited is selling its subsidiary, Alliance Mall Developers Co Private Limited, to Inorbit Malls (India) Private Limited for approximately ₹1,242.50 Crore. The cash transaction is expected to conclude by August 25, 2026. This significant divestment of the mall business represents a major portfolio restructuring for the company.
Prozone Realty Limited's wholly-owned subsidiary, Empire Mall Private Limited, is selling land assets to another wholly-owned subsidiary, Hagwood Commercial Developers Private Limited, for approximately ₹13 Crore. This intra-group transfer of assets does not change the company's ultimate beneficial ownership and is part of an internal restructuring to facilitate commercial and residential development.
Prozone Realty Limited announced an internal transfer of land assets worth approximately ₹44 Crore between two wholly-owned subsidiaries. The assets move from Alliance Mall Developers Co Private Limited to Prozone Horizons Private Limited. The transaction is a strategic group restructuring with no change in ultimate beneficial ownership.
Eternal Limited has entered into an agreement to sell identified assets to Wasteland Entertainment Private Limited for ₹24.19 Crore in cash. The transaction, approved by the Board and Audit Committee on April 28, 2026, is expected to be completed by May 1, 2026. This disposal is conducted at arm's length despite being a related party transaction.
Advait Energy Transitions Limited incorporated a new 80%-owned subsidiary, Advait Carbon Advisory & Renewables Assets Private Limited. The investment of ₹80,000 (recorded as ₹0.01 Crore) targets sustainability, carbon advisory, and ESG consulting businesses, marking a strategic expansion into specialized climate services.
Advait Energy Transitions Limited incorporated a new subsidiary, Advait Unified Renewable Assets Private Limited, on April 27, 2026. The company holds an 80% stake with a total investment commitment of ₹0.01 Crore. The subsidiary will focus on power generation, transmission, and manufacturing utility projects, expanding the parent's energy transition portfolio.