United Foodbrands Merger & Restructuring Worth ₹0.63 Cr
United Foodbrands Limited has incorporated a new step-down subsidiary, UFBL UK Limited, in the United Kingdom. The company invested GBP 50,000 (₹0.63 Crore) for full ownership.
- Value
- ₹0.63 Cr
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United Foodbrands Limited has incorporated a new step-down subsidiary, UFBL UK Limited, in the United Kingdom. The company invested GBP 50,000 (₹0.63 Crore) for full ownership.
IFGL Refractories terminated its Joint Venture Agreement with Marvels International Group Company Limited, citing no material financial impact. The company retains full shareholding in the entity.
DRC Systems India sold its associate Inexture Solutions Ltd. for up to ₹1.02 Crore to non-promoter individuals. Completion is expected by December 2026.
Godawari Power and Ispat disposed 3,35,100 JPL shares for Rs 10.00 Crores. Its stake in associate JPL fell to 38.27% from 39.99%.
GE Power India received the NCLT sanction order demerging its Durgapur boiler business into JSW Energy. Effective and Record Dates will follow in due course.
JSW Energy received the certified NCLT sanction order for the demerger of GE Power India Limited. The effective date and record date will be intimated separately.
GMR Airports Limited has incorporated a wholly-owned subsidiary, GMR Aero Realty Limited, with an initial share capital of ₹1 Crore to pursue real estate opportunities.
Oil India's subsidiary, OIL Green Energy Ltd, incorporated a joint venture, 'HIND OIL BIOFUELS PRIVATE LIMITED', with a subscription amount of Rs. 0.05 Crore.
Tribhovandas Bhimji Zaveri Limited received Competition Commission of India approval for its acquisition of a majority stake by GRT Jewellers (India) Private Limited.
Welspun Corp's step-down subsidiary, Welspun Global Holdings, incorporated a new wholly-owned subsidiary named 'Welspun Global Jordan' in Jordan to expand its manufacturing operations.
ACME Solar Holdings Ltd incorporated two new wholly owned subsidiaries, Amshuman Renewables and Urjita Powertech, for a total initial investment of Rs. 0.02 Crore.
Aequs Limited informed the Exchange that the Regional Director, MCA, has rejected its proposed Scheme of Amalgamation with three wholly-owned subsidiaries due to non-compliance.
Jubilant Ingrevia confirms incorporation of wholly-owned subsidiary Jubilant Advanced Electronics Limited on October 12, 2026. No capital or financial details are disclosed in this intimation.
Pavna Industries sold its 50.74% stake in Pavna Auto Engineering for ₹8.80 Crore to promoter Mrs. Priya Jain. The subsidiary is no longer part of the company.
JM Financial Limited incorporated "JM Financial (Middle East) Limited" as a wholly-owned step-down subsidiary in the Abu Dhabi Global Market.
K.M. Sugar Mills Ltd. reported the completion of the demerger of its Distillery Division into K M Spirits and Allied Industries Ltd. Equity shares were allotted pursuant to the scheme.
Ventive Hospitality's board approved filing an appeal against a specific point in the NCLT order dated September 23, 2026, regarding its proposed scheme of amalgamation.
REC Limited is selling its subsidiary, Jam Khambhaliya Jamnagar Power Transmission Limited, to Ceigall India Limited for a consideration of ₹18.40 Crore.
Bajaj Healthcare Limited has executed a deed of assignment to sell its undertaking located in Dahej Industrial Area, Gujarat, for approximately Rs. 14.67 Crore.
REC Limited sold its subsidiaries Jam Khambhaliya Jamnagar Power Transmission Ltd and Lakadia II Power Transmission Ltd for a total consideration of ₹36.82 Crore.
Power Finance Corporation transferred three wholly-owned subsidiaries of its subsidiary, PFC Consulting Limited, to successful bidders for an aggregate consideration of ₹58.48 Crore.
Elgi Rubber Company Limited updated the exchange on the ongoing voluntary deregistration of its Australian subsidiary, Pincott International Pty Limited. No financial consideration is involved.
BlackBuck board approved a slump sale transferring its Loads Business Undertaking to wholly-owned subsidiary BTSPL. The restructuring reorganises operations under a dedicated transport subsidiary at arm's-length NAV-based consideration.
Dhruv Consultancy Services approved incorporation of three subsidiaries for highway wayside amenities in Maharashtra. Investment capped at up to ₹3 Crore per entity, to be phased.
H.G. Infra Engineering incorporated a subsidiary, 'H.G. Talent Edge Foundation ITI Bhiwadi', as a Section 8 (not-for-profit) company to support a government skilling project.
Authum Investment & Infrastructure completed the acquisition of equity shares in Wind World (India) Limited, following NCLT approval of the resolution plan.
STL Networks Ltd incorporated a wholly-owned subsidiary, STL Networks DC Limited, for its data centre business. The company subscribed to the subsidiary's Rs. 0.01 Crore capital.
PCBL Chemical Limited's subsidiary, Nanovace Technologies Limited, has incorporated a new wholly-owned subsidiary, Nanovace Advanced Materials Limited, focused on battery materials and energy storage technologies.
Alok Industries completed the sale of its subsidiary, Mileta a.s., for a total cash consideration of EUR 5,58,825 (~₹6.04 Crore).
Alok Industries completed the sale of its 100% equity stake in its step-down subsidiary, Mileta a.s. Mileta a.s. has ceased to be a subsidiary.