MTAR Technologies Acquisition
NCLT Hyderabad sanctioned the amalgamation of two wholly owned subsidiaries into MTAR Technologies. The order is dated October 28, 2026, with the certified copy to follow.
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NCLT Hyderabad sanctioned the amalgamation of two wholly owned subsidiaries into MTAR Technologies. The order is dated October 28, 2026, with the certified copy to follow.
Wipro's step-down subsidiary completed its acquisition of a 20% stake in FLARRE.AI on 28 Oct 2026. The transaction amount is Rs.0.02 Crore.
Ambuja Cements will acquire 26% of SWE Renewables for ₹33.75 Crore over 15 months. The move targets wind-powered captive electricity to reduce grid dependence.
Wipro completed its 20% stake acquisition in FLARRE.AI, Inc. via Wipro IT Services, LLC on October 28, 2026. No deal value was disclosed.
Laurus Labs approved acquiring 52% of SI & C Resins for Rs. 32.50 Crore. The acquisition makes SI&C a subsidiary for peptide resin manufacturing.
Laurus Labs approved buying 60% of Canada-based CRO Galenvs Sciences for USD 3.75 million (₹35.63 Cr). The deal adds an oligonucleotide R&D arm and North American presence.
RPEL acquires 80% of RPEL TRLK Silicatech Private Limited for a nominal cash subscription. The target manufactures silica ramming mass and other refractories in India.
CONCOR placed an order with Braithwaite & Co for 24 rakes of BLSS wagons. The deal, including GST, values at Rs.485.93 Crores.
Embassy Developments signed an SPA to acquire 50% of Embassy Columbia Pacific ASL for ₹32.65 Crore. The JV will become wholly owned upon closing by December 2026.
MosChip will acquire Vayavya Labs for Rs.266.71 Crore in cash and shares. Completion awaits RBI and exchange approvals and shareholder approval of a preferential issue.
Hexaware Technologies announced amalgamation of two wholly owned step-down subsidiaries into its Canadian subsidiary. No cash consideration is involved, and the merger is internal group restructuring.
Zensar's board approved merging its wholly owned subsidiary M3bi India into the parent. No consideration or share issuance is involved, and NCLT sanction is pending.
ICICI Lombard disclosed that it acquired Rs.172 Crore of State Bank of India shares on October 28, 2026, in its ordinary-course investment function. Its cumulative holding in SBI is now 0.02%.
Emkay Global will buy Emkay Capital Private Limited for Rs 30 Crore in cash. The related-party deal is expected to complete within 90 days.
Jindal Stainless acquired an additional ~7% stake in Ampin C&I Three, taking its holding to 24.21%. The cash cost is ~₹5.08 crore for a 40 MW captive solar project.
OnEMI Technology's board approved a Rs.624.15 Crore cash investment in Si Creva Capital Services, subscribing 23,37,516 equity shares at Rs.2,670.14 each. Completion is indicated by end-December 2026.
Emkay Capital, a subsidiary of Emkay Global, agreed to acquire Emkay Wealth Advisory for Rs. 2.05 Crore cash. The deal is an intra-group restructuring, and the target is a SEBI-registered investment adviser.
Cochin Shipyard has signed the share transfer deed to acquire a 23% equity stake in Conoship International Holding B.V., completing the acquisition formalities. The letter gives no consideration amount.
Emkay Capital, a subsidiary, will acquire Emkay Investment Managers for Rs.21.38 Crore cash. The related-party deal is at arm's length and payable in tranches.
TVS Motor will acquire 100% of Harita ARC Limited, a related-party shell, for a stated Rs 25,000 Crore. It supports the proposed consumer finance demerger.
Rite Zone Chemcon's board approved acquiring 51% of Cleanux Green Solution via share swap for about INR 4.97 Crore. The board also approved preferential issues and an EGM on 23 November 2026.
eClerx's board approved buying about 2% of Personiv Eclipse Inc. from its wholly owned subsidiary eClerx LLC for USD 1.64 million. The intra-group transfer adds no change to aggregate ownership.
Fortis Healthcare's wholly-owned subsidiary IHL acquired Suguna Hospital's business and land in Bengaluru via slump sale. The cumulative consideration is approximately INR 277 Crore, consummated today.
NCLT approved the consortium resolution plan for A A Estates Private Limited, with Authum as a resolution applicant. No consideration amount is disclosed.
Brace Port Logistics, a material subsidiary, will acquire 76% of Sageroute Logistics for up to ₹76,000. Completion is expected within 30 days.
Honasa's subsidiaries announced a proposed fast-track amalgamation of B:Blunt-Spratt into Bhabani Blunt Hair Dressing. No shares or cash are involved; the scheme awaits regulatory approvals.
Brace Port Logistics will acquire a 76% stake in newly incorporated Sageroute Logistics Private Limited for cash. Completion is expected within 30 days.
Brace Port Logistics approved acquiring 76% of Sageroute Logistics Private Limited for up to ₹76,000 and a ₹75.24 lakh capital infusion. The target is a newly incorporated unlisted logistics company.
Info Edge agreed to invest up to Rs.150 Crore in wholly-owned subsidiary Redstart Labs (India) Limited via equity shares in tranches. Redstart remains a wholly-owned subsidiary after the investment.
Waaree Energies is acquiring 100% of Waaree Green Data Centers for Rs.0.01 Crore cash, entering data centres. The target has not commenced operations and no revenue is reported.