NMDC Merger & Restructuring
NMDC Limited has incorporated a wholly-owned subsidiary, NMDC Global IFSC Limited, in the International Financial Services Centre (IFSC), GIFT City, Gujarat.
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NMDC Limited has incorporated a wholly-owned subsidiary, NMDC Global IFSC Limited, in the International Financial Services Centre (IFSC), GIFT City, Gujarat.
RPG Life Sciences' subsidiary will acquire the API and intermediates business of Raghava Life Sciences for Rs. 135 Crore via a slump sale.
MSP Steel & Power Limited approved a Scheme of Arrangement to demerge the manufacturing business of MSP Sponge Iron Limited into itself. The Board also approved the annual report.
Gayatri Highways completed the sale of its 49% stake in HKR Roadways Limited to Cube Highways for a consideration of Rs. 57.32 Crore.
Coromandel International Ltd is converting a ₹108.07 Crore loan, including interest, into equity shares of its wholly-owned subsidiary, Coromandel Chemicals Ltd.
Gayatri Highways completed the sale of its 49% stake in HKR Roadways to Cube Highways for Rs.200 Crore, with additional contingent proceeds of Rs.48 Crore possible.
Ashika Global Securities will incorporate two wholly-owned subsidiaries, an Asset Management Company and a Trustee Company, to launch its proposed Mutual Fund business.
TechEra Engineering is incorporating a subsidiary, TechEra Aeronova Aerospace (I) Private Limited, with a 55% stake. The investment amounts to Rs. 0.0055 Crore.
V R Infraspace Limited has withdrawn its proposed acquisition of the remaining 5% stake in subsidiary Daxon Realty Limited. The company's stake remains at 66%.
Remus Pharmaceuticals will incorporate a new subsidiary in the Dominican Republic for pharmaceutical distribution. The company will hold at least 51% of its share capital.
Simplex Papers Ltd sold land from its closed paper plant in Gondia for ₹0.25 Crore. This asset disposal was completed via a sale deed.
MIC Electronics Ltd incorporated a wholly-owned subsidiary, 'MIC Defence Systems Private Limited', with an initial investment of ₹0.10 Crore.
Blue Star Limited completed the slump sale of its MedTech division, housed under subsidiary Blue Star E&E, to Cyrix Healthcare for Rs 40 Crore.
Anand Rathi Wealth Ltd has invested ₹5.49 Crore in its wholly-owned subsidiary, Anand Rathi FME (IFSC) Pvt Ltd, through a rights issue of equity shares.
Batliboi Ltd. signed a Memorandum of Understanding for the sale of land, buildings, and capital work-in-progress in Surat. The transaction is subject to due diligence.
Bondada Engineering Limited incorporated a wholly-owned subsidiary, Bondada Hindupur BESS Project Private Limited. The SPV will execute a 225 MW / 450 MWh energy storage project.
Bharat Forge subsidiary Kalyani Powertrain Limited has completed the divestment of its 50% equity stake in REFU Drive GmbH. REFU ceases to be a joint venture entity.