Acutaas Chemicals Merger & Restructuring
Acutaas Chemicals acquired a 100% stake in Enchem Ami Organics from its subsidiary, making it a direct wholly-owned subsidiary. No monetary value was disclosed for this transfer.
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Acutaas Chemicals acquired a 100% stake in Enchem Ami Organics from its subsidiary, making it a direct wholly-owned subsidiary. No monetary value was disclosed for this transfer.
JSW Steel received NCLT Mumbai's sanction for the amalgamation of Piombino Steel Limited with itself. This concludes the regulatory approval process for the merger.
Mahindra & Mahindra's stake in New Democratic Electoral Trust (NDET) reduced to 49.63%, causing NDET to cease being a step-down subsidiary of the Company.
GMR Power & Urban Infra Limited announced the voluntary winding up and dissolution of its step-down wholly-owned subsidiary, GMR Coal Resources Pte. Ltd., effective October 1, 2026.
AXISCADES Technologies incorporated a wholly-owned subsidiary, Xponential Space Private Limited, for space and aerospace technology, with an initial investment of Rs. 1 Lakh.
Brainbees Solutions extended the completion timeline for the divestment of its subsidiary, Mush Textile Private Limited, to November 30, 2026. The deal value is Rs. 5.69 Crore.
Brainbees Solutions has extended the timeline for the sale of its subsidiary, Mush Textile Private Limited, to November 30, 2026, through an addendum to the MoU.
Jetking Infotrain sold office premises in Delhi for Rs. 4.16 Crore. The company concurrently executed lease deeds to continue using the premises for business operations.
Samvardhana Motherson International Limited announced the voluntary dissolution of its non-operational indirect subsidiary, Yachiyo of Ontario MFG., Inc., Canada, effective October 14, 2026.
Lloyds Engineering Works held a court-convened meeting to seek shareholder approval for the proposed merger by absorption of three transferor companies into the entity.
Bharat Forge is investing Rs. 240 Crore in its wholly owned subsidiary, Kalyani Strategic Systems Limited, via a rights issue of equity shares.
Jammu and Kashmir Bank successfully completed the sale of its stake in PNB Metlife India Insurance Company Limited for a total consideration of ₹120.10 Crore.
Advent Hotels International has completed the acquisition of the remaining 25% stake in BD&P Hotels (India), making it a wholly-owned subsidiary.
Clean Max Enviro Energy Solutions will sell a 26% stake in its subsidiary, Clean Max Hachi Private Limited, to Chambal Fertilisers and Chemicals for ₹26,000.
63 Moons Technologies Limited incorporated a new step-down subsidiary, '63 Digital Asset Technologies Private Limited', via its subsidiary Ticker Limited with a capital investment of Rs. 0.15 Crore.
Shadowfax Technologies Limited is incorporating a wholly-owned subsidiary with a cash investment of ₹0.1 Crore.
JoJo Limited's board approved incorporating a new subsidiary in the Dubai International Financial Centre (DIFC). Further details regarding the entity will be disclosed in due course.
Oberoi Realty Limited approved the incorporation of a new wholly-owned subsidiary. The company will invest Rs. 0.01 Crore as initial paid-up capital.
Hindware Home Innovation Limited received the NCLT Kolkata Bench order sanctioning its composite scheme of arrangement involving demerger and amalgamation of its business segments.
Promoters of Frontier Capital will sell a 56.07% stake to external acquirers via a Share Purchase Agreement. This transaction triggers an open offer for company control.
Varroc Engineering Limited is entering a joint venture with Forsee Power SA, France, to scale EV battery solutions in India, acquiring a 45% stake in the entity.
Adroit Infotech signed a non-binding agreement to acquire a majority stake in Croatia-based Verso Altima Group d.o.o. The strategic deal aims to expand its international presence.
Magnum Ventures Limited announced a NCLT-convened meeting on November 20, 2026, to approve a Scheme of Arrangement. The scheme involves demerging a business into Magnum Paperz Limited.
Swiggy Limited completed the sale of its entire stake in Lynks Logistics Limited to Trustroot Internet Private Limited. Consequently, Lynks Logistics ceased to be a step-down subsidiary.
Shadowfax Technologies approved the incorporation of a new wholly owned subsidiary in India. Additionally, the company allotted 49,098 equity shares following the exercise of ESOPs.
Skyways Air Services is divesting its subsidiary, Avito Global Freight Private Limited, for Rs. 0.92 Crore. The stake is being sold to the subsidiary's management team and senior executives.
Skyways Air Services Ltd approved the incorporation of a wholly-owned subsidiary in the UAE through its subsidiary Avito Global Freight. The logistics entity will focus on freight forwarding with a ₹7 crore investment.
Shriram Finance renamed its wholly owned subsidiary to Shriram Gilts Limited following RBI approval to commence Primary Dealer business. This administrative change aligns with the subsidiary's new business focus.
ArMee Infotech Limited incorporated a new wholly-owned subsidiary, 'ARMEE MH ONE RENEWABLE ENERGY PRIVATE LIMITED', to develop solar power projects and related infrastructure.
Fairfax announced a proposed acquisition of IDBI Bank and intends to contribute Go Digit to IDBI Bank. The proposal is currently conditional and subject to approvals.