Jubilant Ingrevia Merger & Restructuring Worth ₹10 Cr
Jubilant Ingrevia Ltd will incorporate a new wholly owned subsidiary, Jubilant Advanced Electronics Limited, with an initial capital investment of up to ₹10 Crore.
- Value
- ₹10.00 Cr
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Jubilant Ingrevia Ltd will incorporate a new wholly owned subsidiary, Jubilant Advanced Electronics Limited, with an initial capital investment of up to ₹10 Crore.
Sar Televenture Limited approved the divestment of its 90.82% stake in subsidiary Fusionnet Web Services Limited to Tikona Communication Limited for Rs. 256.84 Crore.
Ganesh Consumer Products sold its Hyderabad unit to Megacity Flour Mills Private Limited for ₹32.50 Crore. The transaction has been concluded with the sale deed execution.
Kirloskar Oil Engines has successfully incorporated its wholly-owned subsidiary, 'Kirloskar International B.V.', in the Netherlands as previously announced.
Jayant Infratech Ltd approved the acquisition of the remaining 70% business interest in M/s. Jayant Infraprojects for Rs. 12.57 Crore on a slump sale basis.
Updater Services is voluntarily closing its step-down subsidiaries, Denave Europe Limited and Denave Korea Limited, to focus on more promising group opportunities.
Omaxe Ltd's subsidiary, Dinkar Realcon, sold its 40% stake in Aquarise Developers Private Limited for ₹0.08 Crore. This transaction is considered a related party deal.
Unimech Aerospace is investing ₹39.36 crore (SAR 15.3 million) to acquire a 51% stake in a new Saudi Arabian joint venture, Kanoo-Unimech.
TTK Prestige has completed the sale of its 51% stake in subsidiary Ultrafresh Modular Solutions to EFC (I) Limited. Ultrafresh ceases to be a subsidiary.
Godawari Power & Ispat Limited approved incorporating 'Godawari Energy Solutions Private Limited' as a wholly owned subsidiary. The initial investment for this entity is Rs. 0.1 Crore.
Shree Pushkar Chemicals & Fertilisers Ltd. has withdrawn the previously proposed scheme of amalgamation between its wholly-owned subsidiaries, Madhya Bharat Phosphate and Kisan Phosphates.
Prime Focus Limited's shareholders approved the previously announced transfer of its subsidiary, Prime Focus Technologies Inc., to DNEG S.a.r.l. at the recent AGM.
Tirupati Starch & Chemicals Limited approved the sale of its immovable property in Indore. The board also noted the retirement of Independent Director Ramesh Agrawal.
Trinity League India Ltd shareholders approved the sale of 50% equity in Agrotech Risk Private Limited to Madhulika Jain. Other approved resolutions include financial statement adoption and office shifting.
Remsons Industries approved the sale of its 26% stake in the Aircom Remsons Automotive JV for Rs. 0.05 Crore. The exit involves selling 52,000 shares to Aircom Group India.
BCPL Railway Infrastructure Limited has incorporated AJU Real Estate Private Limited as a wholly-owned subsidiary. The new entity will focus on real estate consultancy and advisory services.
Digicontent Limited has approved the transfer of its "Fabplay" in-store music business intellectual property to Audesy Mediatech Private Limited. The transaction is valued at ₹1 Crore.
Aurobindo Pharma's subsidiary, Apitoria Pharma, completed a 20% stake dilution in A1 Biochem Labs. Dr. Rajendra Gadikota subscribed to securities worth ₹33.80 Crore.
Thirumalai Chemicals Limited sold 9,50,000 equity shares in Ultramarine & Pigments Limited through the open market. This transaction reduced its holding from 9.38% to 6.13%.
MTNL has approved the sale of its Powai property to the Income Tax Department for Rs. 891.53 Crore. The transaction involves a 20,895.60 Sqm land parcel via government-to-government transfer.
Lupin Limited's step-down subsidiary, Multicare Pharmaceuticals Philippines, Inc., completed a buyback of 30,559 shares. MPPI is now a wholly owned step-down subsidiary of the Company.
Indrayani Biotech sold shares of its subsidiary, Dindigul Farm Product Limited, to the open market. This divestment marks a reduction in the company's subsidiary holding.
Carborundum Universal infused USD 3 million (approx. Rs. 28.78 Crore) into its wholly-owned subsidiary, CUMI International Limited, to fund its subsidiary's closure.
Varun Beverages referred the termination of its proposed Crickley Dairy acquisition to arbitration after conditions were not met by the long-stop date.
Welspun Corp's subsidiary, Welspun DI Pipes Limited, has incorporated a new step-down wholly owned subsidiary named Welspun Special Coating Private Limited.
Rane (Madras) Limited completed the sale of 3.48 acres of land in Velachery, Chennai to Canopy Living LLP for a total consideration of Rs. 361.18 crore.
Varroc Engineering will discontinue manufacturing and laboratory operations at its Italian subsidiary, Varroc Italy S.p.A. This strategic restructuring is expected to be effective from January 2027.
Senco Gold announced a delay in the acquisition of August Jewellery Private Limited (brand name Melorra). The transaction completion timeline is extended to 31st October 2026.
Puravankara Limited completed the sale of its 100% stake in subsidiary Purva Ruby Properties Private Limited to Prishal Office Parks III Private Limited for ₹145 Crore.
The Government of Maharashtra acquired 7,200 square meters of land from Kirloskar Pneumatic for Rs. 11.04 Crore for a Ring Road project in Nashik.