Patil Automation Limited incorporated a 90%-owned subsidiary, PAL Green Energy Private Limited, on April 07, 2026. The new entity will focus on solar structures, tracker components, and battery energy storage systems. Patil Automation subscribed to shares for ₹90,000, marking a strategic entry into the renewable energy infrastructure sector.
Jubilant Agri and Consumer Products Merger & Restructuring
Jubilant Agri and Consumer Products Limited received 'No Objection' observation letters from both NSE and BSE for its proposed Scheme of Arrangement for demerger into Jubilant Agri Solutions Limited. The scheme remains subject to further approvals from shareholders, creditors, and the National Company Law Tribunal.
Aditya Birla Real Estate Limited incorporated a new step-down wholly owned subsidiary, Prajna Properties Private Limited, on April 3, 2026. The new entity will focus on acquiring land and developing real estate projects, aligning with the group's core business strategy.
RR Metalmakers India Merger & Restructuring Worth ₹2.65 Cr
RR MetalMakers India Limited completed the sale of its Gujarat plant to Ojas Ecopower Limited for ₹2.65 Crore. The transaction, finalised on April 16, 2026, follows shareholder approval and marks a strategic exit from the specific undertaking.
Petronet LNG Limited incorporated a wholly-owned Section 8 subsidiary, MC2 Foundation, on April 3, 2026. The entity will serve as an institutional mechanism to foster innovation and entrepreneurship across the energy sector. Dr. Neeraj Mittal and Shri Akshay Kumar Singh are among the first directors of the new foundation.
VA Tech Wabag Limited executed a Share Subscription and Shareholders Agreement to invest ₹3 Crore in Nimble Vision Private Limited. The investment grants WABAG a ~10.02% equity stake and rights to nominate one Director and one Observer. This move backs indigenous DeepTech solutions for water conservation and automation.
Lupin Limited incorporated a wholly owned subsidiary, Lupin (Thailand) Limited, on April 17, 2026. The new entity, based in Thailand, will focus on importing, marketing, and distributing pharmaceutical products. It has an initial paid-up capital of 3,000,000 Baht, entirely held by the parent company.
Windlas Biotech Limited's board approved a ₹47 Crore equity share buyback via tender offer at ₹1000 per share. The company proposes to buy back 4,70,000 shares, representing 2% of its existing paid-up capital. The record date for the offer is fixed as April 24, 2026.
Barak Valley Cements Merger & Restructuring Worth ₹4.09 Cr
Barak Valley Cements Limited has converted a ₹4.09 Crore interest-free loan into 7,06,500 equity shares of its wholly-owned subsidiary, Meghalaya Minerals and Mines Limited. The transaction, completed on March 31, 2026, strengthens the subsidiary's equity base and formalizes the parent's financial support.
Aditya Birla Real Estate Limited's subsidiary, Birla Estates Private Limited, incorporated a new wholly-owned subsidiary, Pragataya Properties Private Limited, on April 2, 2026. The new entity will focus on land acquisition and real estate development, becoming a step-down wholly-owned subsidiary of the company.
Windlas Biotech Limited approved a buyback of up to 4,70,000 equity shares at ₹1,000 per share, totaling ₹47 Crore. The buyback represents 2.23% of total equity and will be conducted via a tender offer. The record date for eligibility is fixed for April 24, 2026.
JSW Steel approved a 50:50 joint venture with POSCO Group via its subsidiary Saffron Resources. POSCO will invest ₹508.8 Crore to set up a 6 MTPA integrated steel plant in Odisha. The project, expected by December 2026, provides JSW Steel access to high-grade steel technology for automotive applications.
Reliance Communications Limited announced the dissolution of its foreign step-down subsidiary, Reliance Telecom Infrastructure (Cyprus) Holdings Limited. The entity's status changed from 'Active' to 'Dissolved' in Cyprus. The company stated there is no material financial impact on RCOM, though it is currently evaluating the implications of the dissolution.
NBCC (India) Limited has received 'No Objection' from DIPAM to initiate the merger of its wholly owned subsidiary, HSCC (India) Limited, into itself. The merger follows Ministry of Finance guidelines dated April 16, 2026. This consolidation aims to streamline operations within the holding company structure.
One 97 Communications Limited (Paytm) is converting a ₹196.77 Crore outstanding loan into equity shares of its step-down subsidiary, First Games Technology Private Limited. The target's business was previously discontinued in August 2025. This internal restructuring involves no fresh capital infusion and has no financial impact as the investment was already fully impaired.
Embassy Developments Limited completed the sale of its 100% stake in subsidiary Sepset Real Estate Limited to Pen India Private Limited on April 16, 2026. Consequently, Sepset has ceased to be a subsidiary of the company. This divestment follows the Share Purchase Agreement executed on April 12, 2026.
One 97 Communications (Paytm) approved converting a ₹197 Crore loan into equity in its subsidiary FGTPL, increasing its stake to 82.6%. The company also approved a ₹90 Crore Default Loss Guarantee for lending partner Piramal Finance Limited to support its loan distribution business. These moves align with Paytm's existing business model with no additional financial impact.
Samvardhana Motherson International Merger & Restructuring Worth ₹1.35 Cr
Samvardhana Motherson International Limited announced the dissolution and deregistration of its inactive indirect French subsidiary, GIE Groupe AD, effective April 14, 2026. GIE had other income of ₹1.35 Crore in FY 2024-25 and a nil net worth. The closure has no material impact on the company's consolidated financials or operations.
RBM Infracon Limited has approved the incorporation of a wholly owned subsidiary, RBM Infracon LLC, in Oman. The new entity will focus on infrastructure development, oil & gas, and petroleum refining. This expansion marks the company's strategic entry into the Omani market to undertake diverse commercial business activities.
Wipro Limited's board approved a buyback of 60 crore equity shares at ₹250 per share, totaling ₹15,000 Crore. The buyback will be conducted through a tender offer and is subject to shareholder approval via postal ballot on May 21, 2026. This significant capital return represents 5.72% of the company's existing paid-up capital.
Kothari Industrial Corporation Limited invested ₹27 Crore in Phoenix Kothari Footwear Private Limited (PKFPL). The company was allotted 2.7 crore equity shares on April 15, 2026, maintaining its 30% shareholding. This strategic investment aims to strengthen the company's presence in the footwear manufacturing segment.
Encompass Design India Limited's board approved the incorporation of two new wholly-owned subsidiaries in Delaware, USA, and Dubai, UAE. Both entities will operate within the Textile & Made-ups Industry. This expansion marks the company's strategic entry into international markets through dedicated legal entities.
Aditya Infotech Limited (CPPLUS) entered into a 50:50 joint venture agreement with Orient Cables (India) Limited. The partnership aims to establish manufacturing facilities for electric cables, enabling backward integration and cost efficiencies. Both parties will have equal board representation and joint control over the new entity.
Godawari Power & Ispat Merger & Restructuring Worth ₹50 Cr
Godawari Power and Ispat Limited (GPIL) invested ₹50.00 Crore in its wholly-owned subsidiary, Godawari New Energy Private Limited. The capital was infused via a rights issue to fund a proposed 20 GWh Battery Energy Storage System (BESS) plant in Maharashtra. Following this allotment, GPIL's total investment in the subsidiary reaches ₹350.00 Crore.
HDFC Bank's Board approved an investment of up to ₹1,000 Crore in the preferential issue of its subsidiary, HDFC Life Insurance Company Limited. The investment will be made in one or more tranches, subject to regulatory approvals from the Reserve Bank of India.
DCM Shriram's subsidiary, Shriram Polytech Ltd., has formed a joint venture with global leader Teknor Apex B.V. The new entity, PolyTek, will develop and manufacture advanced polymer compounds in India. The partnership leverages Shriram's domestic manufacturing with Teknor Apex's formulation expertise to serve high-growth industrial sectors.
Wipro Limited approved a share buyback of up to 60 crore equity shares at ₹250 per share, totalling ₹15,000 Crore. Representing 5.7% of paid-up capital, the buyback will be conducted via a tender offer route, subject to shareholder approval.
Samvardhana Motherson International Merger & Restructuring
Samvardhana Motherson International Limited announced the voluntary dissolution and deregistration of its indirect subsidiary, GIE Groupe AD, in France. The entity was non-operational with nil net worth. This administrative closure has a negligible impact on the company's consolidated revenue and net worth.
Aditya Infotech Limited executed a 50:50 Joint Venture Agreement with Orient Cables (India) Limited to manufacture electric cables. The partnership enables backward integration for products like LAN and CCTV cables. The new JV company will be equally owned and controlled by both parties to enhance supply reliability and cost efficiencies.
Execution
Subject to completion of customary conditions precedent
Autoline Industries Ltd. completed the sale of its 44.78% stake in subsidiary Autoline Industrial Parks Ltd. to MNSC Realty & Developers Pvt. Ltd. for ₹102.85 Crore. Management control has been transferred, and all company-associated directors have resigned from the subsidiary's board effective April 16, 2026.
