Ganesh Benzoplast Merger & Restructuring Worth ₹1,154 Cr
Ganesh Benzoplast approved the sale of its liquid storage tank and rail logistics businesses to Cisternina Logistics for ₹1,154 Crore in a slump sale.
- Value
- ₹1,154 Cr
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Ganesh Benzoplast approved the sale of its liquid storage tank and rail logistics businesses to Cisternina Logistics for ₹1,154 Crore in a slump sale.
Solar Industries India Limited's subsidiary will incorporate a new entity, Solar Explochem Proprietary Limited, in Botswana, with a 65% stake for a cash subscription of USD 325,000.
Solar Industries India incorporated a new step-down subsidiary, 'Solar Explochem Proprietary Limited', in Botswana. The investment cost is USD 325,000 (approx. ₹3.12 Crore).
Transport Corporation of India will incorporate a wholly-owned subsidiary in China to expand logistics operations. The company commits up to ₹19.19 Crore for this investment.
DOMS Industries extended the deadline to incorporate a joint venture with Seven SpA to January 31, 2027, to complete necessary procedural compliances.
Dr. Agarwal's Health Care Ltd. completed the acquisition of its Nigeria-based step-down wholly owned subsidiary, previously announced on August 4, 2026, for ₹0.73 Crore.
Bluspring Enterprises approved the amalgamation of its wholly owned subsidiary, Bluspring New Horizon Two, with its wholly owned step-down subsidiary, LSG Sky Chefs India.
NLC India approved forming a 50:50 joint venture with NALCO to develop a 1080 MW thermal captive power plant.
Systematix Corporate Services will invest ₹10 Crore in its wholly-owned subsidiary, Systematix Wealth & Asset Services, by subscribing to a rights issue of equity shares.
LEAP India Limited approved the incorporation of a wholly-owned subsidiary, Total International Packaging Solutions Private Limited, with a cash investment of ₹1.65 Crore.
Leap India Limited will incorporate a new subsidiary, Vimprotech Private Limited, for Rs. 4.03 Crore to manufacture plastic packaging solutions for various industrial sectors.
LEAP India Ltd. approved the incorporation of two new wholly owned subsidiaries, Vimprotech Private Limited and Total International Packaging Solutions Private Limited, with cash subscriptions.
Dr. Agarwal's Health Care Limited confirmed that its step-down subsidiary, Orbit Healthcare Services Nigeria Ltd., is now a wholly owned subsidiary of Orbit Mauritius.
Pidilite Industries' subsidiary, Pidilite Ventures Pvt Ltd, will divest its entire stake in Finemake Technologies to its founders. Finemake will cease to be an associate company following this transaction.
Deepak Phenolics Limited invested ₹80 Crore in Deepak Chem Tech Limited. Both entities are wholly owned subsidiaries of Deepak Nitrite Limited, maintaining indirect 100% control.
BLS International’s subsidiary ATPL will sell its JLG lending business to TVAM Technologies via a slump sale for ₹0.59 Crore. This move streamlines the company’s operations.
BLS E-Services' subsidiary, ATPL, will sell its Joint Liability Group-Financial Lending business to TVAM Technologies via a slump sale for ₹0.59 Crore.
Arix Energix's subsidiary, Jineshvar Securities, will issue 11.25 lakh shares to Mr. Anshuk Laxkar. This reduces Arix Energix's stake from 99.98% to 52.62%.
Indoco Remedies Limited is incorporating a new wholly owned subsidiary, Warren Lifesciences Private Limited, for a cash investment of ₹0.01 Crore.
Indoco Remedies Limited has incorporated a new wholly-owned subsidiary, Warren Lifesciences Private Limited, to manufacture and develop pharmaceutical products.
Agastya Energy and Infrastructure Limited is selling a subsidiary/unit to AAG Capital Holdings Private Limited. The transaction is expected to complete by March 31, 2027.
Shanti Overseas (India) Limited corrected clerical errors in its prior disclosure regarding the divestment of its material subsidiary, Shaan Agro Oils & Extractions Private Limited.
Mobikwik received non-convertible debentures worth ₹147.11 Crore from its subsidiary, MDSPL, as consideration for the previously announced slump sale of its Lending Services Provider Business.
Krsnaa Diagnostics received board approval to sell identified diagnostic equipment for an aggregate consideration of up to ₹120 crore, aiming to optimize its asset portfolio.
DMR Engineering incorporated a new subsidiary, DMR BALAJI JV PRIVATE LIMITED, acquiring a 51% stake for a cash consideration of ₹0.0051 Crore.
Prostarm Info Systems cancelled its MOU with Shenzhen Topband Co. Ltd. for a battery energy storage project, citing a lack of technical and economic feasibility.
Vraj Iron and Steel Limited sold its entire stake in MVK Industries Private Limited to its promoter for Rs. 4.55 Crore. The proceeds will fund expansion.
KSB Limited is initiating a voluntary strike-off of its wholly-owned subsidiary, Pofran Sales and Agency Limited, which has been inoperative for the past seven years.
PFC transferred its wholly-owned subsidiaries, Latur REZ Transmission Ltd and Raigad Power Transmission Ltd, to external bidders for a total consideration of ₹11.12 Crore.
Sudarshan Pharma Industries completed the sale of its 51% stake in subsidiary Ishwari Healthcare Private Limited for ₹1.40 Crore. The entity ceases to be a subsidiary.