Every merger & restructuring announcement on NSE and BSE that our alert engine sent, newest first. Each one has its own page with the summary, the key figures and the original filing.
HDFC Bank's Board approved an investment of up to ₹1,000 Crore in the preferential issue of its subsidiary, HDFC Life Insurance Company Limited. The investment will be made in one or more tranches, subject to regulatory approvals from the Reserve Bank of India.
DCM Shriram's subsidiary, Shriram Polytech Ltd., has formed a joint venture with global leader Teknor Apex B.V. The new entity, PolyTek, will develop and manufacture advanced polymer compounds in India. The partnership leverages Shriram's domestic manufacturing with Teknor Apex's formulation expertise to serve high-growth industrial sectors.
Wipro Limited approved a share buyback of up to 60 crore equity shares at ₹250 per share, totalling ₹15,000 Crore. Representing 5.7% of paid-up capital, the buyback will be conducted via a tender offer route, subject to shareholder approval.
Samvardhana Motherson International Limited announced the voluntary dissolution and deregistration of its indirect subsidiary, GIE Groupe AD, in France. The entity was non-operational with nil net worth. This administrative closure has a negligible impact on the company's consolidated revenue and net worth.
Aditya Infotech Limited executed a 50:50 Joint Venture Agreement with Orient Cables (India) Limited to manufacture electric cables. The partnership enables backward integration for products like LAN and CCTV cables. The new JV company will be equally owned and controlled by both parties to enhance supply reliability and cost efficiencies.
Execution
Subject to completion of customary conditions precedent
Autoline Industries Ltd. completed the sale of its 44.78% stake in subsidiary Autoline Industrial Parks Ltd. to MNSC Realty & Developers Pvt. Ltd. for ₹102.85 Crore. Management control has been transferred, and all company-associated directors have resigned from the subsidiary's board effective April 16, 2026.
Bharat Petroleum Corporation Ltd's joint venture, IBV Brasil Petróleo Ltda., approved the Final Investment Decision for the SEAP-I offshore project in Brazil. The project involves a production vessel with 120,000 bpd capacity. IBV's total investment is estimated at approximately ₹26,040 Crore (USD 2.8 billion), aimed at strengthening India's energy security through equity oil access.
DCM Shriram will transfer a 50% stake in its subsidiary, Shriram Polytech Limited, to Teknor Apex B.V. for ₹52.08 Crore (USD 5.6 million). Post-transaction, the subsidiary will be reclassified as a joint venture. This strategic partnership aims to develop advanced specialty polymer solutions for global industrial applications.
Samvardhana Motherson International Limited has merged its indirect subsidiary SMIA into SMIA Technology Germany GmbH, effective March 31, 2026. SMIA reported a turnover of approximately ₹1,718.54 Crore for FY25. The consolidation aims to simplify the corporate structure and improve operating efficiency within the group's international operations.
Samvardhana Motherson International Limited announced the merger of its indirect subsidiary SMIA into SMIA Technology, effective March 31, 2026. SMIA reported a turnover of approximately ₹1718.54 Crore (Euro 157.66 million) for FY25. The consolidation aims to simplify corporate structure and improve operating efficiency across its global automotive accessory business.
Godawari Power and Ispat Limited (GPIL) invested ₹50 Crore in its wholly-owned subsidiary, Godawari New Energy Private Limited, via a rights issue. The funds will support a 20 GWh battery energy storage system plant. GPIL's total investment in the subsidiary now stands at ₹350 Crore, maintaining 100% ownership.
Triveni Turbine Limited's step-down subsidiaries, TSE Engineering and Triveni Turbines Africa, have merged effective April 1, 2026. The internal restructuring consolidates South African operations into a single entity to improve governance and efficiency. The combined turnover of the entities involved is ₹169 Crore, with no change in the parent company's shareholding pattern.
Tata Chemicals Limited announced the dissolution of its UK-based wholly-owned subsidiaries, Cheshire Salt Holdings Limited and New Cheshire Salt Works Limited, effective April 14, 2026. This voluntary strike-off simplifies the group's holding structure without changing ultimate ownership. Both entities have ceased to be subsidiaries of the company.
Windlas Biotech Limited has scheduled a Board meeting on April 17, 2026, to consider a proposal for the buyback of its fully paid-up equity shares. Trading window for designated persons remains closed from April 1, 2026, until 48 hours after the declaration of financial results for the year ended March 31, 2026.
Power Finance Corporation Ltd incorporated four new wholly owned subsidiaries through its arm, PFC Consulting Limited. These Special Purpose Vehicles will develop transmission projects in Rajasthan and Karnataka. The SPVs will eventually be transferred to successful bidders selected through a tariff-based competitive bidding process.
Reliance Industries' step-down subsidiary, Reliance Retail Limited, sold its 100% stake in Reliance Projects & Property Management Services Limited to Jaipur Enclave Private Limited for ₹274 Crore. Consequently, the entity has ceased to be a subsidiary of Reliance Industries.
Gravita India Ltd. has completed the voluntary dissolution of its South African step-down subsidiary, Recyclers South Africa (PTY) Ltd. The subsidiary had no active business operations and its closure will not have a material financial impact on the company's books. No consideration was received as the entity was liquidated.
Tata Chemicals Limited announced the dissolution and voluntary strike-off of two UK-based wholly owned subsidiaries, Cheshire Salt Holdings Limited and New Cheshire Salt Works Limited. Both entities were non-operational with no financial contribution. The move aims to simplify the group's holding structure without affecting ultimate ownership of its UK operations.
Samvardhana Motherson International Limited announced the voluntary dissolution of its indirect wholly owned subsidiary, SMR-Jersey, effective April 10, 2026. The entity held a net worth of ₹1764.12 Crore (Euro 161.8 million). The dissolution is part of a group simplification strategy and has no impact on the consolidated net worth of the company.
Oberoi Realty Limited announced that the merger of Nirmal Lifestyle Realty Private Limited into the company became effective on April 14, 2026. This follows the completion of statutory filings with the Registrar of Companies, Mumbai. The amalgamation consolidates the entities under Oberoi Realty's management.
Samvardhana Motherson International Limited's indirect subsidiary, SMR-Jersey, has been voluntarily dissolved as part of a group structure simplification. The subsidiary had a net-worth of ₹1,764.12 Crore (Euro 161.8 million) as of FY 2024-25. The dissolution has no impact on the consolidated net-worth of the Company.
Transworld Shipping Lines Limited signed a Memorandum of Agreement to sell its vessel 'M.V. SSL Godavari' to Avana Logistek Limited. The transaction is valued at ₹182.28 Crore (US$ 19.6 million). This strategic asset sale is part of the company's operational realignment.
Syrma SGS Technology completed the closing of its joint venture with Elemaster, acquiring a 60% stake in JVCo for ₹32.70 Crore. Elemaster acquired the remaining 40% for ₹21.99 Crore. This milestone follows the September 2025 agreement and formalizes the joint venture's shareholding structure.
Kilburn Engineering Ltd has agreed to sell a 40% stake in its subsidiary, Kilburn East End Private Limited, to East End Technologies Private Limited for ₹0.04 Crore. Following the transfer, the subsidiary will become a joint venture. The transaction is expected to be completed within 60 days.
Puretrop Fruits Ltd has issued a Letter of Offer for a buyback of up to 11,00,000 equity shares at ₹200 per share. The total buyback size is ₹22 Crore, representing 13.80% of its paid-up equity capital. The offer is scheduled to open on April 17, 2026, and close on April 23, 2026.
Atlas Cycles (Haryana) Ltd has approved an extension until June 30, 2026, for the sale of 20 acres of land in Sonepat. The total transaction value is ₹60.0 Crore, with ₹34.80 Crore already received and ₹25.20 Crore expected in April 2026.
Bajaj Consumer Care Limited received the NCLT Jaipur Bench's certified order sanctioning the Scheme of Arrangement with Vishal Personal Care Limited. The company will make the scheme effective by filing the order with the Registrar of Companies. This demerger is a key step in the group's corporate restructuring process.
Him Teknoforge Ltd is calling off its joint venture agreement with Italian counterparts. The JV entity, Dinamico Axles & Drive Wheels Private Limited, will be struck off as it never commenced operations. No capital was infused by the company, resulting in zero financial impact.
Reliance Industries Limited's step-down subsidiary, Reliance Retail Limited, sold its 100% stake in Reliance Projects & Property Management Services Limited to Jaipur Enclave Private Limited for ₹274 Crore. The target contributed 0.06% to consolidated turnover. The transaction is not a related party deal, and the entity has ceased to be a subsidiary.
RITES Ltd has announced the liquidation of its joint venture company, MMG - Metro Management Group Limited. The JV involved RITES, DMRC, and the Israeli firm Poran Shrem Engineering and Appraisal Limited. This closure follows an initial intimation dated December 27, 2024, and marks the formal dissolution of the entity.