Skyways Air Services approved divesting a subsidiary stake, investing in its subsidiaries, incorporating a new UAE subsidiary, and providing a corporate guarantee for a Vietnam subsidiary.
Nuvoco Vistas' Board approved the voluntary liquidation of its wholly-owned subsidiary, Algebra Endeavour Private Limited, to simplify the Group's structure.
Prestige Estates consummated the first tranche of its strategic hospitality partnership with CPPIB. This transaction includes a subsidiary stake sale and share subscription for ₹1,500 Crore.
Value
₹1,500 Cr
From
CPP Investment Board Private Holdings (4) Inc. (CPPIB)
Tata Steel received the NCLT order for its scheme of amalgamation with Rujuvalika Investments Limited. This follows the previously announced merger plan.
Premier Energies executed a Shareholders Agreement with RCT Nexor Energy for their joint venture. The JV aims to establish a 12 GWh BESS manufacturing facility.
Global Pet Industries Limited will incorporate a new wholly-owned subsidiary, Spiltrock Beverage Private Limited, investing Rs. 0.01 Crore for 100% shareholding.
The Phoenix Mills Limited announced the amalgamation of its subsidiary, Truevalue Infrabuild Private Limited, into another subsidiary, SGH Realty Private Limited, to simplify the business structure.
Tata Communications is transferring its 100% stake in Kaleyra, Inc. to its subsidiary, TCNL, for an aggregate fair market value of USD 92.625 million to simplify structure.
Agarwal Toughened Glass's board approved incorporating a wholly owned subsidiary in Dubai, UAE, for general trading and professional services. No monetary value was disclosed.
AGL Industries approved sale of 16% stake in Allomex Steel for Rs. 16,000 to its directors' relatives. Allomex will cease to be an associate upon completion.
Nahar Industrial Enterprises incorporated Ranchi Logipark Pvt Ltd as a wholly-owned subsidiary for warehousing and storage. The new entity is 100% owned under Indian law.
Dalmia Bharat Sugar incorporated a wholly-owned subsidiary, Dalmia Bharat Global Holdings Limited, in Abu Dhabi. The entity will hold the company's present and future foreign investments.
INDO-MIM's board approved incorporation of a wholly-owned manufacturing subsidiary in Vietnam. The company will invest ₹45 Crore over five years for electronics assembly and export.
ACME Solar Holdings incorporated a wholly-owned subsidiary, ACME Renewables FZCO, in the UAE for procurement and supply chain management. The investment is AED 10,000.
Thomas Cook (India) Ltd announced the voluntary dissolution of its step-down subsidiary, Digiphoto Entertainment Imaging INC. The event has no material impact on the company's financials.
Nitco Ltd completed the conveyance deed for 75% of its Kanjurmarg land, receiving ₹143 crore. The company expects ₹250 crore revenue from future commercial space sales.
Kore Digital divested its entire stake in subsidiaries Franken Telecom, Wolter Infratech, and KDL Realinfra for a total cash consideration of Rs. 1.96 Lakhs.
Blue Star Ltd has initiated the voluntary strike-off of its step-down subsidiary, Blue Star Air Conditioning & Refrigeration (U) Limited, which has not commenced business operations.
INDO-MIM Ltd re-appointed three Independent Directors, revised its Insider Trading Policy, and approved the incorporation of a wholly-owned subsidiary in Vietnam.
Munish Forge is selling its subsidiary, Munish Defence Solutions, to promoter Davinder Bhasin for Rs. 0.15 Crore. The entity will cease to be a subsidiary upon completion.
Brooks Laboratories approved a demerger of its Manufacturing Business into its wholly-owned subsidiary, Abridge Speciality Limited, through a scheme of arrangement.
Shree Cement's subsidiary, Shree Global FZE, is incorporating a wholly-owned step-down subsidiary in China, Shree International Trading (Shanghai) Limited, for trading goods.
United Foodbrands Limited has incorporated a new step-down subsidiary, UFBL UK Limited, in the United Kingdom. The company invested GBP 50,000 (₹0.63 Crore) for full ownership.
IFGL Refractories terminated its Joint Venture Agreement with Marvels International Group Company Limited, citing no material financial impact. The company retains full shareholding in the entity.
DRC Systems India sold its associate Inexture Solutions Ltd. for up to ₹1.02 Crore to non-promoter individuals. Completion is expected by December 2026.
GE Power India received the NCLT sanction order demerging its Durgapur boiler business into JSW Energy. Effective and Record Dates will follow in due course.
JSW Energy received the certified NCLT sanction order for the demerger of GE Power India Limited. The effective date and record date will be intimated separately.
GMR Airports Limited has incorporated a wholly-owned subsidiary, GMR Aero Realty Limited, with an initial share capital of ₹1 Crore to pursue real estate opportunities.