Oil And Natural Gas Corporation Merger & Restructuring Worth ₹25 Cr
ONGC formed a 50:25:25 JV (OPML) with MRPL and OPaL for integrated petrochemicals marketing and trading. ONGC subscribed ₹25 crore for its 50% equity stake.
- Value
- ₹25.00 Cr
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ONGC formed a 50:25:25 JV (OPML) with MRPL and OPaL for integrated petrochemicals marketing and trading. ONGC subscribed ₹25 crore for its 50% equity stake.
Sky Industries' board approved in-principle sale of its Navi Mumbai factory contributing 25% of revenue. The Gujarat facility will consolidate operations; consideration and buyer remain undetermined.
Hy-Tech Engineers incorporated a wholly-owned US subsidiary, Hy-Tech Engineers Inc (Delaware), for hydraulic fittings distribution. Cash subscription of ₹3 Crore secures 100% ownership in the new entity.
TVS Srichakra received Rs. 34.44 Crore from TASL Automobile under an NCLT-sanctioned capital reduction scheme. Its 7.58% stake of 9,11,741 shares is fully extinguished.
Dixon Technologies executed a JV agreement with Gemtek to form Dixon Electroconnect for data centre and optical connectivity. Dixon holds 60%, Gemtek 40%.
Fractal Analytics Limited incorporated a new step-down subsidiary, FRACTAL AI QFZ LLC, in Qatar Free Zones to expand its software and AI consultancy services.
Univastu India incorporated a wholly-owned subsidiary, 'Univastu UK Limited', in the UK to facilitate business expansion. This is an overseas direct investment by the company.
Hy-Tech Engineers Ltd incorporated a wholly owned subsidiary, HY-TECH ENGINEERS Inc, in Delaware, USA. The company subscribed to the subsidiary's share capital for $300,000 (₹2.88 Crore).
Brainbees subsidiary GlobalBees entered an agreement to sell its entire 51.54% stake in Mush Textile for Rs. 5.69 Crore, completing the transaction by October 15, 2026.
ACME Solar Holdings Limited incorporated 18 wholly-owned subsidiaries for renewable energy projects. The company invested cash to acquire 100% control of these entities.
Tinna Rubber incorporated its wholly-owned subsidiary, Tinna Rubber Chile SpA. The Company approved an investment of up to ₹5 Crore for this international expansion.
Pudumjee Paper Products has sold its stake in MITCON Solar Alliance Limited for Rs. 2.40 Crore, ceasing to be a shareholder.
Best Agrolife Ltd incorporated a new step-down subsidiary, Best Agrolife Do Brazil LTDA, in Brazil. The initial investment for this wholly owned subsidiary is ₹0.02 Crore.
Maharashtra Seamless's board approved a scheme of arrangement to demerge its two seamless pipe manufacturing undertakings into wholly-owned subsidiaries, MSTL and USL.
Bright Brothers Ltd completed the merger of its wholly-owned subsidiary, Bright Brothers LLC, into Sintex Logistics LLC, which has been renamed to Bright Composites LLC.
Tinna Rubber and Infrastructure Limited infused a 5th tranche of investment worth Rs. 0.26 Crore into its wholly-owned subsidiary, Tinna Rubber Arabia Ltd., Saudi Arabia.
Sudarshan Pharma terminated its proposal to acquire 9.50% of Med Therapy Biotechnology Inc. The promoters' parallel 1.50% each acquisition plan also stands terminated.
PFC transferred subsidiary Satara Power Transmission Limited to Adani Energy Solutions for Rs.19.01 Crore. The transmission SPV sale completed on 06.10.2026.
Gabriel India Limited signed a joint venture agreement with Faurecia Automotive Seating India Private Limited to manufacture seating systems. The venture will be controlled by FORVIA.
Gabriel India will enter a Joint Venture with Faurecia Automotive Seating India to manufacture passenger vehicle seats, investing approximately ₹50 Crore in the new entity.
ACME Solar incorporated 18 wholly-owned subsidiaries with a total investment of Rs. 18 Lakhs. These entities will focus on developing renewable energy projects.
TVS SCS and partner ALA Mena each subscribed to shares in their JV, TVS SCS ALA India, for a total of ₹19.99 Crore.
Shristi Infrastructure Development Corporation approved a demerger of its Krishnagar Sentrum undertaking into its wholly-owned subsidiary, Shristi Realty Holdings Limited, via a scheme of arrangement.
Adani Ports incorporated a new subsidiary, Paradip Mahanadi Terminal Limited, for developing dry bulk berths at Paradip Port, Odisha. The entity is a wholly-owned subsidiary.
Adani Ports incorporated a wholly owned subsidiary, Paradip Mahanadi Terminal Limited, for developing and operating two dry bulk berths at Paradip Port, Odisha.
Gujarat Apollo Industries completed the sale of its entire 17.92% stake in Credo Advanced Chemicals Limited for ₹37.63 Crore. The company no longer holds CACL shares.
Marsons Ltd approved a JV with Cleanhill Partners to form a US LLC for transformer import and manufacturing. CEO authorized to execute the agreement.
Kabra Extrusiontech incorporated Geon International FZ-LLC, a UAE wholly owned subsidiary for its international business. Initial share capital is AED 39 Lakh (₹10.14 Crore).
Zaggle's board approved incorporation of a wholly owned subsidiary, Zaggle Holding Limited, in ADGM, UAE. Initial capital of USD 10,000 will fund its Fintech/SaaS/AI holding operations.
Visagar Polytex discloses a Composite Scheme of Arrangement with shareholders to reduce capital and issue preferential equity shares and warrants. The NCLT scheme restructures its capital structure.