Tube Investments of India Limited entered into a supplementary agreement for an incremental investment of ₹75 Crore in its subsidiary, 3xper Innoventure Limited. Including an investment from Mr. N Govindarajan, the total capital infusion is ₹100 Crore via CCPS to scale up pharmaceutical manufacturing operations. The transaction is subject to completing conditions precedent.
Larsen & Toubro Limited incorporated a wholly owned subsidiary, Vyoma.AI Limited (VAL), on April 22, 2026. VAL has a subscribed capital of ₹0.05 Crore and will focus on establishing data centres and AI infrastructure. This move expands L&T's footprint into technology-enabled infrastructure services.
Alembic Pharmaceuticals Limited has incorporated a new wholly-owned subsidiary, Alembic Pharmaceuticals GmbH, in Germany. The company invested EUR 25,000 (₹0.27 Crore) to establish this entity, which will promote and distribute pharmaceutical products in the region.
Pee Cee Cosma Sope Ltd is incorporating a wholly owned subsidiary, Abhaya Nourishtech Limited, in Agra, Uttar Pradesh. The new entity, with a paid-up capital of ₹4 Crore, will focus on milk and plant proteins, nutraceutical ingredients, and related trading activities.
Alembic Pharmaceuticals Limited has incorporated a wholly owned subsidiary, Alembic Pharmaceuticals GmbH, in Germany with a share capital of EUR 25,000 (₹0.27 Crore). The new entity will explore business opportunities and promote, sell, and distribute the company's pharmaceutical products in the German market.
NHC Foods Ltd has incorporated a wholly owned subsidiary, NHC International UK Limited, in England and Wales. The new entity has an authorized capital of GBP 1,000 (approx. ₹0.01 Crore). This strategic move aims to enhance the company's business operations across European and global markets.
Reliance Industries subsidiary Jiostar India Private Limited announced the amalgamation of its wholly-owned subsidiary, IndiaCast Media Distribution Private Limited, effective April 21, 2026. The merger was executed following approval from the Regional Director, Ministry of Corporate Affairs.
Darjeeling Industriies Limited incorporated a new subsidiary, NOVVA DEFENCE IINDS LIMITED, with an authorised capital of ₹0.10 Crore. The company holds a 99.64% stake in the entity, which will operate in the industrial manufacturing and defence systems industry.
VA Tech Wabag Limited incorporated a new wholly-owned subsidiary, North Chennai Tru Water Private Limited, with a capital subscription of ₹0.01 Crore. The subsidiary will execute a 45 MLD wastewater treatment plant project in Kodungaiyur, Chennai, under a refurbishment and operation model.
Alembic Pharmaceuticals Limited has incorporated a new subsidiary, Alembic Lifesciences Philippines Inc., in the Philippines. The company invested ₹2.00 Crore (12 million Philippine Pesos) for a 99.99% stake to promote and distribute pharmaceutical products in the region.
Alembic Pharmaceuticals Limited incorporated a new subsidiary, Alembic Lifesciences Philippines Inc., in the Philippines. The company invested 12 million Philippine Pesos (₹1.85 Crore) for a 99.99% stake to promote and distribute pharmaceutical products in the region. This expansion marks a strategic entry into the Philippines market.
VA Tech Wabag Limited has incorporated a new wholly-owned subsidiary, North Chennai Tru Water Private Limited, with a capital subscription of ₹0.01 Crore. The subsidiary will focus on the refurbishment and operation of a 45 MLD water treatment plant in Chennai under an RFOMT model.
Alembic Pharmaceuticals Limited has incorporated a subsidiary, Alembic Lifesciences Philippines Inc., in the Philippines. The company holds a 99.99% stake in the new entity, which has a share capital of 12 million Philippine Pesos. The subsidiary will explore business opportunities to promote and distribute pharmaceutical products in the region.
Studds Accessories Limited approved the incorporation of a wholly owned subsidiary in Italy with a capital of up to ₹10.9 Crore (EUR 1 Million). The entity replaces a previously planned Spanish subsidiary and will focus on distribution and marketing in Europe.
Arvind Limited incorporated a new subsidiary, ARVIND ATELIER (FZC), in the UAE on April 20, 2026. The entity will focus on textile and ready-made garments trading. Arvind Limited holds an 80% stake in the new venture with an initial cash consideration of ₹0.01 Crore.
Jio Financial Services Limited has entered a binding 50:50 joint venture agreement with Allianz Europe B.V. to establish a general insurance business in India. This partnership combines JFSL’s digital reach with Allianz's global expertise to offer general and health insurance. Operations will commence following regulatory approvals, with further plans for a life insurance joint venture.
VA Tech Wabag Limited incorporated a new wholly owned subsidiary, North Chennai Tru Water Private Limited, effective April 1, 2026. The subsidiary, with an initial capital of ₹0.01 Crore, will manage a 45 MLD Tertiary Treatment Reverse Osmosis plant in Chennai. This project aligns with the company's core focus on waste water treatment.
Arvind Ltd has incorporated a new subsidiary, Arvind Atelier (FZC), in Sharjah, U.A.E. The entity will engage in ready-made garments and textile trading. Arvind Ltd will hold an 80% stake in the subsidiary with an investment valued at approximately ₹0.30 Crore (AED 1.2 Lakh).
Persistent Systems Limited announced that the Hon'ble NCLT Mumbai has sanctioned the merger of its wholly-owned subsidiary, Arrka Infosec Private Limited, into itself. The official notification was received via email on April 21, 2026. This absorption-based merger aims to consolidate operations within the group.
Kaya Limited's wholly owned Singaporean subsidiary, KME Holdings Pte. Ltd., has been dissolved following voluntary liquidation effective April 22, 2026. The subsidiary contributed ₹25.69 Crore (10%) to the company's turnover. The dissolution is not expected to materially impact the company's financials or business operations.
Finbud Financial Services incorporated a wholly owned subsidiary, ZAP Private Limited, on April 21, 2026. The new entity, with a paid-up capital of ₹0.10 Crore, will focus on financial product distribution, analytical services, and digital marketing. This strategic move aims to create a digital-first positioning for the company's marketplace segment.
Prima Plastics Limited issued guidance for the apportionment of acquisition costs following its demerger. Shareholders may attribute 59% of their original cost to Prima Plastics and 41% to the resulting company, Prima Innovation Limited. The scheme became effective on March 31, 2026, with a record date of April 17, 2026.
AGI Greenpac Ltd completed its second tranche investment of ₹1.43 Crore in Madoverbuilding AI Private Limited. Following this, the company's total stake in the target entity stands at 19.75% on a fully diluted basis. The investment aligns with AGI's strategy to gain equity stakes in innovative technology and business model ventures.
Hindustan Foods Limited has fixed May 8, 2026, as the record date for its Scheme of Arrangement with Avalon Cosmetics and Vanity Case India. Eligible shareholders will receive 19 HFL shares for every 100 demerged company shares held. The Board also took on record the NCLT order sanctioning the merger and demerger process.
Rudrabhishek Enterprises Limited incorporated a new joint venture, GEM ECOMIND LIMITED, on April 20, 2026. The JV has a paid-up capital of ₹0.5 Crore, with REPL's subsidiary holding a 49% stake. The entity will provide technical and technological solutions in sustainability areas.
Samvardhana Motheron International Limited announced the merger of its indirect foreign subsidiary Modulos Ribera Alta SL into another indirect subsidiary, Celulosa Fabril SA (Spain). The merger, effective April 14, 2026, aims to simplify the corporate structure and enhance operating efficiency. Both entities are engaged in plastic materials processing and manufacturing.
Samvardhana Motherson International Limited announced the merger of its indirect Spanish subsidiaries, MRA into CEFA, effective April 14, 2026. The entities had a combined turnover of approximately ₹189.54 Crore for FY2025. This internal restructuring aims to simplify corporate structure and improve operating efficiency without changing ultimate group ownership.
RPSG Ventures Limited incorporated a wholly owned subsidiary, RPSG Brands Mena Private Limited, on April 21, 2026. The new entity, with a capital of ₹0.01 Crore, will explore FMCG trading opportunities in India and international markets, including the MENA region.
RPSG Ventures Limited incorporated a wholly owned subsidiary, RPSG Brands Mena Private Limited, on April 21, 2026. The new entity, with a subscribed capital of ₹0.01 Crore, will explore trading opportunities in FMCG and allied products globally, including the MENA region.
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.
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