IRB Infrastructure Developers Merger & Restructuring
IRB Infrastructure Developers announced the completed transfer of 100% equity in Solapur Yedeshi Tollway Limited and CG Tollway Limited from its private InvIT to its public InvIT.
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IRB Infrastructure Developers announced the completed transfer of 100% equity in Solapur Yedeshi Tollway Limited and CG Tollway Limited from its private InvIT to its public InvIT.
Fabtech Technologies Limited is selling its subsidiary, TSA Process Equipments Private Limited, to Thermax Limited for Rs. 13.99 Crore.
Lakhotia Polyesters has extended the expected completion timeline for its proposed acquisition of a 100% stake in New Nexus FZ LLC to December 31, 2026.
S.J.S. Enterprises invested ₹5 Crore in its wholly owned subsidiary SDEPL via a rights issue, consistent with previously approved investment limits.
Tierra Agrotech Limited has decided to withdraw its previously proposed composite scheme of arrangement and amalgamation with Nishpra Community Solutions Private Limited.
Welspun Corp Ltd has extended the timeline for its acquisition of a 2.57% stake in subsidiary Welspun Mauritius Holdings Limited to on or before 31 March 2027.
KNR Constructions extended the timeline for the stake sale in its SPV, KNR Ramanattukara Infra Private Limited, to Indus Infra Trust until 31st December 2026.
Technocraft Industries (India) has decided to terminate the proposed 100% equity acquisition of Technosoft Integrated Solutions K.K. in Japan. The company stated there are no material financial implications.
Larsen & Toubro Limited has extended the completion timeline for the disposal of its stake in L&T Metro Rail (Hyderabad) Limited. The estimated completion date is now December 31, 2026.
Kalyan Jewellers India Limited sold an undertaking to Shivasakthi Real Estates for ₹86.16 Crore. This cash transaction was executed at arm's length on September 30, 2026.
Valencia Nutrition Limited incorporated a new subsidiary, Valencia Can Beverages Private Limited, on September 29, 2026. The company holds a 75% stake following a Rs. 0.01 Crore subscription.
My Mudra Fincorp Limited approved the incorporation of a wholly-owned subsidiary, My Mudra Payment Limited. The company will infuse ₹0.05 Crore as initial paid-up capital.
Utkarsh Small Finance Bank approved the sale of a stressed unsecured loan pool to an NBFC. The transaction involves assets worth ₹75.16 crore for a consideration of ₹15.50 crore.
Thirumalai Chemicals approved the sale of up to 9,50,000 equity shares in Ultramarine & Pigments Limited. The divestment represents a 3.25% stake through open market transactions.
East India Drums and Barrels Manufacturing Limited incorporated a new overseas subsidiary, EIDB Ceylon Private Limited, in Sri Lanka. The company acquired an 80% stake for a nominal consideration of Rs. 800.
Timescan Logistics (India) Limited incorporated a new subsidiary, Guangzhou Uniglobal Logisys (M) SDN. BHD., in Malaysia to expand its logistics business operations.
Alphalogic Industries Limited has ceased to be a subsidiary and become an associate company of Alphalogic Techsys Limited due to shareholding dilution from a preferential allotment.
Majestic Auto Limited completed the sale of its 100% stake in subsidiary Sharan Hospitality Private Limited to external investors for ₹24.83 Crore.
Majestic Auto Ltd completed the sale of its wholly owned subsidiary, Sharan Hospitality Private Limited, to two external purchasers for an aggregate consideration of ₹105.43 Crore.
TAC Infosec approved an internal group restructuring involving a share swap between its subsidiaries for $1.47 million, alongside the adoption of a new ESOP plan.
Prestige Estates will divest a ~27% stake in its subsidiary, Prestige Hospitality Ventures Ltd, to CPPIB for ₹3,000 Crore, forming a strategic partnership.
Niyogin Fintech has scheduled court-convened meetings for shareholders and creditors on October 30, 2026, to vote on its composite scheme of arrangement and amalgamation.
Vasa Denticity Limited has formally ratified the mutual cancellation of its previously proposed acquisition of an additional 31.08% equity stake in IDS Denmed Private Limited.
Ganesh Benzoplast approved the sale of its liquid storage tank and rail logistics businesses to Cisternina Logistics for ₹1,154 Crore in a slump sale.
Solar Industries India Limited's subsidiary will incorporate a new entity, Solar Explochem Proprietary Limited, in Botswana, with a 65% stake for a cash subscription of USD 325,000.
Solar Industries India incorporated a new step-down subsidiary, 'Solar Explochem Proprietary Limited', in Botswana. The investment cost is USD 325,000 (approx. ₹3.12 Crore).
Transport Corporation of India will incorporate a wholly-owned subsidiary in China to expand logistics operations. The company commits up to ₹19.19 Crore for this investment.
DOMS Industries extended the deadline to incorporate a joint venture with Seven SpA to January 31, 2027, to complete necessary procedural compliances.
Dr. Agarwal's Health Care Ltd. completed the acquisition of its Nigeria-based step-down wholly owned subsidiary, previously announced on August 4, 2026, for ₹0.73 Crore.
Bluspring Enterprises approved the amalgamation of its wholly owned subsidiary, Bluspring New Horizon Two, with its wholly owned step-down subsidiary, LSG Sky Chefs India.