NLC India Merger & Restructuring
NLC India approved forming a 50:50 joint venture with NALCO to develop a 1080 MW thermal captive power plant.
- thermal power plant capacity
- 1080.0 MW
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NLC India approved forming a 50:50 joint venture with NALCO to develop a 1080 MW thermal captive power plant.
Systematix Corporate Services will invest ₹10 Crore in its wholly-owned subsidiary, Systematix Wealth & Asset Services, by subscribing to a rights issue of equity shares.
LEAP India Limited approved the incorporation of a wholly-owned subsidiary, Total International Packaging Solutions Private Limited, with a cash investment of ₹1.65 Crore.
Leap India Limited will incorporate a new subsidiary, Vimprotech Private Limited, for Rs. 4.03 Crore to manufacture plastic packaging solutions for various industrial sectors.
LEAP India Ltd. approved the incorporation of two new wholly owned subsidiaries, Vimprotech Private Limited and Total International Packaging Solutions Private Limited, with cash subscriptions.
Dr. Agarwal's Health Care Limited confirmed that its step-down subsidiary, Orbit Healthcare Services Nigeria Ltd., is now a wholly owned subsidiary of Orbit Mauritius.
Pidilite Industries' subsidiary, Pidilite Ventures Pvt Ltd, will divest its entire stake in Finemake Technologies to its founders. Finemake will cease to be an associate company following this transaction.
Deepak Phenolics Limited invested ₹80 Crore in Deepak Chem Tech Limited. Both entities are wholly owned subsidiaries of Deepak Nitrite Limited, maintaining indirect 100% control.
BLS International’s subsidiary ATPL will sell its JLG lending business to TVAM Technologies via a slump sale for ₹0.59 Crore. This move streamlines the company’s operations.
BLS E-Services' subsidiary, ATPL, will sell its Joint Liability Group-Financial Lending business to TVAM Technologies via a slump sale for ₹0.59 Crore.
Arix Energix's subsidiary, Jineshvar Securities, will issue 11.25 lakh shares to Mr. Anshuk Laxkar. This reduces Arix Energix's stake from 99.98% to 52.62%.
Indoco Remedies Limited is incorporating a new wholly owned subsidiary, Warren Lifesciences Private Limited, for a cash investment of ₹0.01 Crore.
Indoco Remedies Limited has incorporated a new wholly-owned subsidiary, Warren Lifesciences Private Limited, to manufacture and develop pharmaceutical products.
Agastya Energy and Infrastructure Limited is selling a subsidiary/unit to AAG Capital Holdings Private Limited. The transaction is expected to complete by March 31, 2027.
Shanti Overseas (India) Limited corrected clerical errors in its prior disclosure regarding the divestment of its material subsidiary, Shaan Agro Oils & Extractions Private Limited.
Mobikwik received non-convertible debentures worth ₹147.11 Crore from its subsidiary, MDSPL, as consideration for the previously announced slump sale of its Lending Services Provider Business.
Krsnaa Diagnostics received board approval to sell identified diagnostic equipment for an aggregate consideration of up to ₹120 crore, aiming to optimize its asset portfolio.
DMR Engineering incorporated a new subsidiary, DMR BALAJI JV PRIVATE LIMITED, acquiring a 51% stake for a cash consideration of ₹0.0051 Crore.
Prostarm Info Systems cancelled its MOU with Shenzhen Topband Co. Ltd. for a battery energy storage project, citing a lack of technical and economic feasibility.
Vraj Iron and Steel Limited sold its entire stake in MVK Industries Private Limited to its promoter for Rs. 4.55 Crore. The proceeds will fund expansion.
KSB Limited is initiating a voluntary strike-off of its wholly-owned subsidiary, Pofran Sales and Agency Limited, which has been inoperative for the past seven years.
PFC transferred its wholly-owned subsidiaries, Latur REZ Transmission Ltd and Raigad Power Transmission Ltd, to external bidders for a total consideration of ₹11.12 Crore.
Sudarshan Pharma Industries completed the sale of its 51% stake in subsidiary Ishwari Healthcare Private Limited for ₹1.40 Crore. The entity ceases to be a subsidiary.
REC Limited sold its subsidiary, Balsane Power Transmission Limited, to Resonia Limited for ₹5.59 Crore following a competitive bidding process.
Panache Digilife Limited incorporated a new wholly-owned subsidiary, Quantron Technology Limited, in Hong Kong. The cash investment for this subscription is ₹0.06 Crore.
Panache Digilife incorporated a wholly owned subsidiary, Quantron Technology Limited, in Hong Kong. The investment in the subsidiary is HKD 50,000.
Chartered Logistics Ltd's subsidiary, Chartered Comcare IFSC Limited, will exit the GIFT IFSC SEZ scheme and apply for strike-off. The subsidiary has not commenced operations and represents a net worth of ₹0.02 Crore.
Ganesh Consumer Products' board approved the sale of its Hyderabad unit's movable and immovable assets. The decision aligns with the company's strategy to focus on Eastern India geography.
Power Finance Corporation has incorporated Malegaon Power Transmission Limited as a wholly-owned step-down subsidiary. This SPV will facilitate a 400/220 kV transmission project in Nashik, Maharashtra.
G. G. Dandekar Properties completed the disposal of unused land situated at Bhiwandi for a total consideration of ₹2.01 Crore.