S P Apparels Merger & Restructuring Worth ₹6.32 Cr
S.P. Apparels Limited invested ₹6.32 Crore (GBP 5,00,000) as equity in its wholly-owned UK subsidiary, SPUK. The capital infusion aims to strengthen the subsidiary's capital base, support business expansion, and enhance operational capabilities in UK and European markets.
Samvardhana Motherson International Merger & Restructuring Worth ₹189.5 Cr
Samvardhana Motherson International announced the merger of its indirect subsidiary Modulos Ribera Alta SL (MRA) into Celulosa Fabril SA (CEFA) in Spain. The combined FY25 turnover of these entities was ₹189.54 Crore. The merger aims to simplify the corporate structure and increase operating efficiency within the group's international operations.
Sammaan Capital Merger & Restructuring Worth ₹418.5 Cr
Sammaan Capital Limited successfully closed its tender offer, accepting U.S.$45,000,000 (approx. ₹418.5 Crore) of its 7.5% Senior Secured Social Bonds due 2030 for purchase. The offer was oversubscribed, resulting in a scaling factor of 38.147%. Settlement is expected by April 24, 2026, reducing the company's outstanding debt obligations.
Real Touch Finance Merger & Restructuring Worth ₹13.03 Cr
Real Touch Finance Limited approved the transfer of an identified loan portfolio aggregating to ₹13.03 Crore. The transaction involves two pools effective April 20, 2026, and June 1, 2026. This strategic realignment aims to optimize the loan portfolio and improve liquidity and capital allocation without material adverse impact on the company's financial position.
Aurobindo Pharma Limited announced a share buyback of up to 5,423,728 equity shares via a tender offer at ₹1,475 per share. The total buyback size is ₹800 Crore. The record date is April 17, 2026, with the offer opening on April 23 and closing on April 29, 2026.
Aurobindo Pharma Limited announced a share buyback via tender offer for up to 5,423,728 shares at ₹1,475 each. The total consideration is capped at ₹800 Crore. The buyback opens on April 23, 2026, and closes on April 29, 2026, with promoters intending to participate.
Shakti Pumps (India) Limited invested ₹10.00 Crore in its wholly owned subsidiary, Shakti EV Mobility Private Limited. The investment involves subscribing to one crore equity shares, bringing the consolidated investment in the subsidiary to ₹65.00 Crore to support its electric vehicle motor and charger manufacturing business.
Aurobindo Pharma Limited has submitted a Letter of Offer for the buyback of up to 54,23,728 equity shares at ₹1,475 per share. The total buyback size is ₹800 Crore via the tender offer route. The offer opens on April 23, 2026, and closes on April 29, 2026, targeting a 0.93% reduction in outstanding shares.
JSW Steel Limited executed a Share Subscription and Joint Venture Agreement with POSCO Group and Saffron Resources Private Limited. The 50:50 joint venture aims to establish a greenfield 6 mtpa integrated steel plant in Odisha, India, marking a significant strategic collaboration between the two steel majors.
Gretex Industries Limited has incorporated a new subsidiary, Gretex Gem & Jewellery LLP, with a 98% capital contribution of ₹0.01 Crore. The subsidiary will focus on the retail sale of jewellery and imitation jewellery. This expansion marks the company's entry into the jewellery trading and manufacturing segment.
AVG Logistics Limited has incorporated a 50:50 joint venture, Carbonlite Logistics Private Limited, in collaboration with Baidyanath LNG Private Limited. The venture, focused on the logistics industry, has an authorized and paid-up capital of ₹0.10 Crore. This strategic move marks an expansion of the company's operational footprint through partnership.
Wipro Limited has announced a buyback of up to 60 crore equity shares at ₹250 per share, totaling ₹15,000 Crore. The buyback, conducted via a tender offer, represents 24.99% of its standalone capital and reserves. Shareholders will vote via postal ballot, with results expected by May 25, 2026.
GEM Enviro Management Limited incorporated a 51% owned Joint Venture, GEM Ecomind Limited, with Rudrabhishek Infosystem Private Limited. The Company invested ₹0.26 Crore for its stake. The JV will provide technical solutions in recycling, waste management, and sustainability conservation.
Embassy Developments Limited announced the voluntary strike-off and dissolution of two non-operational step-down subsidiaries, Varali Real Estate Limited and Devona Infrastructure Limited. The move aims to simplify corporate structure and reduce compliance costs. Both entities had nil financial contribution during the last fiscal year, resulting in no material financial impact on the company.
Adani Power Limited's subsidiary, Adani Atomic Energy Limited, has incorporated a new step-down wholly-owned subsidiary, Rawatbhata-Raj Atomic Energy Limited (RRAEL), on April 20, 2026. RRAEL is incorporated with an authorized capital of ₹0.05 Crore to focus on nuclear and atomic energy power generation, transmission, and distribution.
AVG Logistics Limited has incorporated a 50:50 joint venture company, Carbonlite Logistics Private Limited, with Baidyanath LNG Private Limited. The new entity has an initial paid-up capital of ₹0.1 Crore and will operate in the logistics sector.
Prima Innovation Limited has ceased to be a wholly-owned subsidiary of Prima Plastics Limited effective April 20, 2026. This follows the allotment of 1,10,00,470 equity shares to company shareholders under a Scheme of Arrangement. Consequently, the subsidiary's pre-scheme capital was cancelled.
Dhampur Bio Organics Limited (DBOL) has entered into a Business Transfer Agreement with Forever Global Enterprises Limited. The agreement involves the slump sale of its Meerganj sugar unit in Uttar Pradesh as a going concern. The transaction does not impact the company's management or control.
Coal India Limited announced that the Registrar of Companies proposes to strike off its wholly owned subsidiary, CIL Solar PV Ltd., under Section 248(2) of the Companies Act, 2013. The Ministry of Corporate Affairs issued a public notice regarding this removal. Objections can be filed with the MCA within thirty days.
Piramal Finance Limited provided an update on its Scheme of Amalgamation with three wholly owned subsidiaries: Piramal Corporate Tower, Piramal Agastya Offices, and DHFL Investments. The merger, previously approved by the Board, remains subject to necessary regulatory approvals. This internal restructuring aims to consolidate the group's corporate structure.
TechD Cybersecurity Limited incorporated a new 51% owned subsidiary, TECHD CYBERAGI PRIVATE LIMITED, on April 18, 2026. The new entity will focus on advanced cybersecurity and AI-driven solutions for government and public sector initiatives. The subsidiary has an initial paid-up capital of ₹0.01 Crore and is yet to commence operations.
Rolex Rings Limited has scheduled a board meeting for April 23, 2026, to consider a proposal for the buyback of fully paid-up equity shares. The outcome will be disclosed following the meeting's conclusion.
Vedanta Limited is transferring its stake in subsidiary Bharat Aluminium Company Limited to its wholly owned subsidiary, Vedanta Aluminium Metal Limited. The transaction will be settled via Compulsorily Convertible Debentures at fair market value. This internal restructuring is expected to be completed by April 30, 2026, with no change in ultimate beneficial ownership.
Vedanta Limited announced the sale of its subsidiary, Bharat Aluminium Company Limited (BALCO), to Vedanta Aluminium Metal Limited. The transaction involves the issuance of Compulsorily Convertible Debentures at fair market value. The transfer is part of an internal restructuring expected to be completed by April 30, 2026.
CEAT Limited incorporated a new step-down subsidiary in Germany named 'CEAT GMBH' with a capital of EURO 25,000 (₹0.27 Crore). The subsidiary will focus on automotive tyres, tubes, and ancillary products, marking an expansion of the company's international footprint.
Real Touch Finance Merger & Restructuring Worth ₹13.03 Cr
Real Touch Finance Limited has approved the transfer of a ₹13.03 Crore loan portfolio across two pools, effective April 20 and June 1, 2026. This strategic realignment aims to optimize the company's loan portfolio and operational efficiency, expected to positively impact liquidity and capital allocation without materially affecting its overall financial position.
Real Touch Finance Merger & Restructuring Worth ₹13.03 Cr
Real Touch Finance Limited has approved the transfer of an identified loan portfolio aggregating to ₹13.03 Crore. The transaction will be executed in two pools, effective April 20 and June 1, 2026. This move is part of a strategic realignment to optimize liquidity and capital allocation without material adverse financial impact.
JSW Steel and POSCO Group signed a 50:50 joint venture agreement to establish a 6 MTPA integrated steel plant in Odisha. The greenfield project, including downstream integration with POSCO's Pune unit, targets high-grade automotive steel production and is expected to be operational by 2031, pending regulatory approvals.
Vedanta Limited's Board approved a demerger scheme effective May 1, 2026, splitting into four separate entities. Shareholders will receive new shares in each resulting company. Additionally, Bharat Aluminium Company (BALCO), with a net worth of ₹12,088 Crore, will be transferred to Vedanta Aluminium Metal Limited for CCDs.
Windlas Biotech Limited announced a buyback of 4,70,000 equity shares at ₹1,000 per share, totaling ₹47 Crore. The buyback will be conducted via a tender offer on a proportionate basis for shareholders as of the April 26, 2026 record date.