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Reliance Industries' step-down subsidiary, Roptonal Limited, has been dissolved as of August 18, 2026, per the certificate issued by the Republic of Cyprus.
Shakti Pumps is acquiring its subsidiary, Shakti Energy Solutions, for ₹11 Crore. This move supports the target's new 2.20 GW solar manufacturing plant in Madhya Pradesh.
RNFI Services Limited's board approved incorporating two wholly-owned subsidiaries: one for P2P lending business and another in Dubai for fintech activities.
Tilaknagar Industries clarified a clerical error in its earlier acquisition filing of Black Tiger Distilleries Private Limited, correcting its net worth figure.
FSN E-Commerce Ventures has completed the acquisition of an additional 24.2% stake in its subsidiary, Earth Rhythm Private Limited, following previously approved plans.
NCLT Chennai has sanctioned the scheme of merger and amalgamation involving several step-down subsidiaries of The Phoenix Mills Limited into Astrea Real Estate Developers Private Limited.
EFC (I) Ltd has completed the sale of its 100% equity stake in its subsidiary, Sanvritti Alpha Private Limited, for a total consideration of Rs. 39 Crore.
National Standard (India) Limited issued a notice for an NCLT-convened shareholder meeting on October 9, 2026, to approve the scheme of merger.
Agastya Energy and Infrastructure Ltd approved the sale of its property in Gandhinagar, along with associated assets, to AAG Capital Holdings for Rs. 12.54 Crore.
Majestic Auto completed the Rs. 105.43 Cr infusion into Sharan Hospitality, making it a wholly owned subsidiary. The stake will be sold to identified purchasers.
Cyient Limited announced the dissolution of its UK-based step-down subsidiary, Blom Aerofilms Ltd, effective September 1, 2026. This closure has no material impact on the company.
TTK Healthcare completed the sale of its "EVA" and "Good Home" brands to Wipro Enterprises. The company received Rs. 256 crore in cash consideration.
Global Education Limited received 24,00,000 shares of Rishiraj Infravision Private Limited following an NCLT-sanctioned demerger. The company's stake in the resulting entity now stands at 28.24%.
Raghav Productivity Enhancers will invest up to Rs. 80 Crore to form a new joint venture company. The entity will manufacture silica ramming mass.
Raghav Productivity Enhancers Ltd (RPEL) has formed an 80:20 joint venture with TRL Krosaki Refractories. The JV involves a Rs. 100 Crore outlay for a new plant.
Raghav Productivity Enhancers will form a joint venture with TRL Krosaki Refractories (RPEL 80% stake). The JV will establish a 3,50,000 MTPA silica ramming mass facility.
Elgi Equipments' US subsidiary divested its entire stake in Gentex Air Solutions LLC to its JV partner. The divestment facilitates the release of exclusivity in specific Texas counties.
NLC India signed an addendum to transfer 708.96 MW of renewable energy assets to its subsidiary, NIRL. This slump sale involves assets valued at Rs. 925.08 Crore.
Pidilite Industries has announced the voluntary liquidation of its wholly-owned step-down subsidiary, Nina Percept (Bangladesh) Private Limited. The entity was inoperative due to lack of business opportunities.
Heranba Industries Limited has completed its subscription to the rights issue of its wholly-owned subsidiary, Mikusu India Private Limited, by acquiring 2,49,50,000 equity shares at par.
Avalon Technologies entered a joint venture with Zollner Elektronik AG to establish 'Zollner Avalon Private Limited' for electronic manufacturing services in India.
Heranba Industries invested Rs. 24.95 Crore in its wholly-owned subsidiary, Mikusu India, through an equity share allotment. This capital supports Mikusu's business operations.
TVS Srichakra's subsidiary completed the acquisition of a 51% stake in Weber Drivetrain Private Limited. The final consideration paid for this acquisition is Rs. 10 Lakhs.
HEG Limited has been renamed to HEG Advanced Materials Limited, following a composite scheme of arrangement sanctioned by the NCLT. This restructuring involves demerging the graphite business.
ZF Steering Gear's wholly-owned subsidiary, DriveSys Systems, acquired 25,882 sq. mtrs. of land adjacent to its existing project site for its Aluminium Project.
Fractal Analytics Ltd has announced the voluntary liquidation of its step-down subsidiary, Fractal Analytics Sweden AB, to simplify its corporate structure and reduce administrative costs.
Sea TV Network's board approved the closure of its cable business and surrender of its DAS license. The unit contributed zero revenue in FY 2025-26.
Infosys Limited announced the voluntary liquidation of two step-down wholly owned subsidiaries, Guidevision UK Limited and In-tech Automotive Engineering Beijing Co., Ltd, effective September 2026.
Bharat Forge subsidiary Kalyani Powertrain Limited has completed the sale of its stake in joint venture REFU Drive GmbH. The transaction was valued at ₹0.14 Crore.
Innova Captab's board approved an in-principle investment of ₹50 Crore for a land acquisition. Further updates will follow upon the execution of the final agreement.