Zuari Industries Limited will acquire shares of Texmaco Infrastructure & Holdings Limited from its subsidiary for up to Rs. 150 Crore. This consolidates its investment portfolio.
Lenskart Solutions is acquiring an additional stake in Baofeng Framekart Technology for ₹10.60 Crore. This aims to strengthen the company's manufacturing and supply chain.
JHS Svendgaard Retail Ventures will subscribe to 50,00,000 optionally convertible debentures of Purple Rock Infra Private Limited. The transaction is valued at ₹5 Crore.
Lenskart Solutions Limited's subsidiary will incorporate Wenzhou Framekart Trade Co., Ltd in China for ₹1.41 Crore. This step-down subsidiary will handle eyewear trading and procurement.
Lenskart Solutions Limited's subsidiary OWNDAYS Singapore will incorporate a new step-down subsidiary, OWNDAYS Korea. The initial investment for 100% shareholding is KRW 300 million.
IIRM Holdings India Merger & Restructuring Worth ₹34.78 Cr
IIRM Holdings approved converting a Rs. 34.78 Crore unsecured loan into equity shares of its wholly owned subsidiary, IIRM Global. This transaction strengthens the subsidiary's capital base.
Magna Electro Castings' board has approved the merger of Samrajyaa Precision Machining Private Limited into itself. The consolidation aims to integrate machining capabilities and achieve operational synergies.
EFC (I) Ltd has entered a Share Acquisition Agreement to acquire 100% equity stake in Ultrafresh Modular Solutions Limited. This acquisition expands its furniture manufacturing and Design & Build capabilities.
CapitalNumbers Infotech Ltd has paid ₹40 Crore to acquire a 100% stake in Epitome Cloud Inc. This completes the investment outlined in the Stock Purchase Agreement.
Nephrocare Health Services entered an Asset Transfer Agreement to acquire a dialysis center in Philippines. The acquisition is valued at PHP 71,800,000.
Avio Smart Market Stack Ltd's subsidiary, BIL Healthtech, incorporated AVIO Healthcare Corporation in the Philippines. The new entity operates as a step-down subsidiary.
Precision Electronics is seeking shareholder approval to sell its Noida land and building. The divestment follows an in-principle board approval for the property's sale.
Mukta Arts will enter into agreements to bring an investment of up to ₹10 Crore into its subsidiary, Mukta A2 Cinemas, diluting its stake to associate status.
Secmark Consultancy Limited has incorporated a wholly-owned subsidiary, Secmark Financial Aggregation Private Limited, to operate as an account aggregator. The investment involves an initial cash subscription of Rs. 0.01 Crore.
Arvaya Healthcare Limited plans to incorporate a new wholly-owned subsidiary to operate in the insurance broking service sector. The company will hold 100% equity stake.
Jio Financial Services will form a joint venture with Bank of America, receiving a ₹18,268.22 crore investment into its subsidiary, Jio Credit Limited.
SecMark Consultancy Ltd. approved a scheme of amalgamation for Codifi Finserv and SecMark Holdings into the company. The board also defined the share exchange ratios.
The NCLT Kolkata Bench rejected Mallcom (India) Ltd's proposed Scheme of Amalgamation with its subsidiary, Mallcom VSFT Gloves Private Limited, due to insufficient shareholder approval.
Virtuoso Optoelectronics is converting Rs. 10 Crore of outstanding loans into equity shares of its subsidiary, Virtuoso Polymers, to reduce the subsidiary's interest burden.
N2N Technologies announced a change in management and control following a successfully concluded open offer. Harmony Remedies India Private Limited has assumed control, and outgoing promoters are reclassified as public shareholders.
Ashapura Minechem Limited has formally dissolved its step-down subsidiary, Ashapura Holdings Fareast Pte. Ltd., following the completion of voluntary liquidation proceedings.
Elgi Rubber Company Merger & Restructuring Worth ₹6.08 Cr
Elgi Rubber Company Limited's board approved the voluntary winding-up of its inoperative wholly-owned subsidiary, Pincott International Pty Limited. The closure has no material impact on company financials.
Elgi Rubber Company Merger & Restructuring Worth ₹0.75 Cr
Elgi Rubber Company is initiating voluntary winding up of its dormant, non-material wholly-owned subsidiary in Kenya. This closure has no material financial impact on the company.
Elgi Rubber Company Merger & Restructuring Worth ₹1.66 Cr
Elgi Rubber Company approved reversing Rs.1.66 Crore of interest receivable from its overseas subsidiaries to reduce their interest burden and improve financial positions.
