Bhagyanagar India Merger & Restructuring
Bhagyanagar India Limited fixed October 8, 2026, as the record date for a scheme of arrangement. The scheme involves a 1:1 share swap with Tieramet Limited.
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Bhagyanagar India Limited fixed October 8, 2026, as the record date for a scheme of arrangement. The scheme involves a 1:1 share swap with Tieramet Limited.
Fabtech Technologies Limited is incorporating a new step-down subsidiary in Egypt through its subsidiary Fabtech Technologies LLC. The entity will focus on turnkey pharma projects and HVAC activities.
Steelman Telecom approved the sale of a 0.61% stake in its subsidiary EC Wheels India for ₹0.08 Crore. Post-transaction, the company's holding will decrease to 49.47%.
Kalpataru Projects' subsidiary Linjemontage successfully listed on Nasdaq Stockholm. The IPO grossed approximately SEK 711.5 million (₹583.43 Crore) for the selling shareholder.
Galaxy Bearings Ltd announced the delayed execution of its Tranche 2 land sale to Treefac Works LLP for Rs. 1.50 Crore. The transaction remains active and is not cancelled.
Kalpataru Projects International completed the IPO and listing of its Swedish subsidiary, Linjemontage I Grästorp AB, on Nasdaq Stockholm. The company realized approximately ₹688.30 Crore from the stake sale.
Avi Products India Ltd shareholders approved the sale of company assets to promoters and directors. Other resolutions included director re-appointments and leadership re-designations during the AGM.
Ikoma Technologies Limited has withdrawn its Rights Issue application and the proposed acquisition of ICM Insurance Brokers Private Limited. The withdrawal follows a revision in the Rights Issue objects.
RITES Limited's board has approved the closure of its Botswana-based wholly-owned subsidiary, RITES (Afrika) Proprietary Limited. The closure process is expected to complete within six months.
Oriana Power Limited announced the successful completion of the first tranche of its stake sale in subsidiary Truere Guj SPV Private Limited.
JSW Steel's subsidiary, JSW One Platforms Limited, has filed its Draft Red Herring Prospectus for an Initial Public Offer with SEBI and exchanges.
Usha Martin Ltd has approved the slump sale of its wholly-owned subsidiary's (U M Cables Limited) business undertaking to R R Kabel Limited for ₹77 Crore.
Amir Chand Jagdish Kumar (Exports) Limited has acquired its wholly-owned subsidiary, Amir Chand Trading Company, in Saudi Arabia for a cash consideration of ₹0.25 Crore.
Amir Chand Jagdish Kumar (Exports) Limited invested approximately ₹0.26 Crore to incorporate 'Amir Chand Trading Company' as a wholly-owned subsidiary in Saudi Arabia.
Godrej Industries sold a 0.50% stake in associate company Godrej Consumer Products Limited via an open market sale on September 24, 2026.
Godrej Industries sold a 0.50% equity stake in associate Godrej Consumer Products for ₹450.12 Crore via an open market transaction. The company retains a 23.23% stake.
Bank of Baroda sold 76,90,375 shares of the National Stock Exchange of India in its IPO for a total consideration of Rs. 1,372.35 Crores.
Acutaas Chemicals will acquire 100% equity stake in step-down subsidiary Enchem Ami Organics for Rs. 1 Lakh, making it a direct wholly-owned subsidiary.
Shanti Overseas will divest its 100% stake in material subsidiary Shaan Agro Oils & Extractions for a total consideration of Rs. 4,560.
Rexnord Electronics & Controls Ltd. is divesting its entire stake in wholly-owned subsidiary Rexnord Enterprise Private Limited for a total consideration of Rs. 5.50 Crore.
Fineotex Chemical's subsidiary, Fineotex Biotex HealthGuard FZE, incorporated a new US-based subsidiary, Fineotex America Inc., for ₹0.05 Crore to provide specialized water treatment solutions.
Samvardhana Motherson International's subsidiary has completed the sale of its 26% stake in AES (India) Engineering Limited for Rs.0.68 Crore to T-Net Japan.
EMA Partners India Limited is merging three of its wholly owned subsidiaries into itself. No consideration is payable for this internal restructuring.
BlackBuck Limited has successfully incorporated its new wholly-owned subsidiary, BlackBuck Transport Services Private Limited, following approval from the Ministry of Corporate Affairs.
Hirect Limited sold the residual part of its non-operational Dehradun plant for ₹4.5 Crore. The buyer is not part of the promoter group.
TeamLease Services incorporated a new step-down wholly owned subsidiary, TL Business Solutions Inc., in the United States to expand its international staffing business.
Quality Foils (India) Limited will sell its Flexible Hose & Hose Pipe manufacturing unit to Ratnamani Metals & Tubes Limited for ₹5.40 Crore.
TCPL Packaging has incorporated a new wholly owned subsidiary, TCPL Energy Materials Limited, to manufacture lithium-ion battery separator films.
Earkart Limited has approved the incorporation of a wholly-owned subsidiary named SkillNest Educations Private Limited. The company will invest Rs. 0.01 Crore to explore opportunities in education services.
Exhicon Events sold 35% of subsidiary EMCCPL to India Exposition Mart in a JV for the Mohali Convention Centre, retaining 65% control.