Aequs Merger & Restructuring
Aequs Limited's step-down subsidiary, Aequs Toys HongKong Private Limited, has been voluntarily wound up and dissolved. The entity was not material to the company.
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Aequs Limited's step-down subsidiary, Aequs Toys HongKong Private Limited, has been voluntarily wound up and dissolved. The entity was not material to the company.
Nephrocare Health Services Ltd announced the rationalisation and consolidation of its step-down subsidiaries in the Philippines. This internal reorganization streamlines the group's existing structure.
KNR Constructions sold its entire subsidiary KGIPL stake to Indus Infra Trust for Rs. 485.86 Crore. Completed September 17, 2026; invested base was Rs. 193.32 Crore.
AGSL acquires 100% of newly formed Ashika Global Asset Management Pvt Ltd for ₹60 Crore. The entity will operate as an AMC for its mutual fund business.
TCM Limited signed an MoU to form a JV for a villa project in Ernakulam with Asset Homes Pvt Ltd. No financial terms finalized.
TCM Ltd signed an MOU to form a JV SPV for a Kalamassery villa project. Investor Suhas Nandan will inject Rs 25 Crore loan capital.
ZIM Laboratories completed incorporation of its wholly-owned Chilean subsidiary, ZIM Laboratories SpA. The LATAM expansion entity is now operational, marking completion of the February 2026 board-approved plan.
HCC's material subsidiary incorporates HC Concessions Limited at 51% stake for infrastructure development. The entity will undertake BOO, BOT, and HAM model projects in India and abroad.
Ashika Global Securities discloses incorporation of two WOS—AGAMPL (AMC) and AGTCPL (Trustee)—for mutual fund operations. Both are 100% owned and await SEBI approvals to commence business.
HEG Advanced Materials disclosed promoter stake rising to 60.72% via allotment under its Composite Scheme. The demerger splits HEG into HEG Graphite and Bhilwara Energy.
ZIM Laboratories Limited incorporated a wholly owned subsidiary, 'ZIM Laboratories SpA', in Chile. This expansion aims to develop its pharmaceutical business in the LATAM region.
Transworld Shipping Lines executed a Joint Venture Agreement with Bainbridge Navigation DMCC. The company will hold a 60% stake in the new shipping pool venture.
Majestic Auto Ltd is transferring its stake in Sharan Hospitality Pvt Ltd to third-party funds for an aggregate consideration of ₹ 105.43 Crore.
Majestic Auto completed the SHPL resolution plan implementation and received Bonus RPS and NCDs. The company will now transfer these securities to NovumLake and 360 ONE.
Dalmia Bharat’s subsidiary, Ascension Mercantile, incorporated a new wholly-owned subsidiary, AMPL Green City Solutions, by subscribing to 10,000 shares for Rs. 0.01 Crore.
Petronet LNG approved a 50:50 joint venture with Gruner Renewable Energy to establish 10 CBG plants. The project involves an estimated capital outlay of Rs. 1,200 crore.
Sandur Manganese & Iron Ores approved the incorporation of a wholly-owned subsidiary, 'Royal Sandur MedTech Private Limited', with a capital investment of ₹1 Crore.
Apollo Pipes Ltd incorporated a wholly owned subsidiary, Apollo Ceramics Limited, to manufacture and trade tiles and ceramics. The investment involved is ₹0.05 Crore.
NLC India's subsidiary, NLC India Renewables Limited, incorporated a Joint Venture with PTC India Limited named 'NIRL PTC RENEWABLES LIMITED' for green energy projects.
Hindustan Construction Company's subsidiary will incorporate a new JV, 'HC Concessions Limited', with Ceigall India Limited. HICL will hold a 51% stake with a ₹0.0051 Crore investment.
PTC India Ltd incorporated a joint venture, NIRL PTC Renewables Ltd, to develop green energy projects. PTC holds a 26% equity stake via a Rs 0.26 Crore investment.
PTC India Limited incorporated a joint venture, NIRL PTC Renewables Limited, to develop green energy projects. PTC holds a 26% stake in the entity.
Seamec Limited announced the completed sale of the bulk carrier vessel "SEAMEC GALLANT," which was owned by its wholly owned subsidiary, Seamec International FZE.
Jay Ambe Supermarkets Limited incorporated a US-based subsidiary, City Square Global LLC, via a capital contribution of ₹0.05 Crore, securing a 51% membership interest.
PTC India incorporated NIRL PTC Renewables Limited, a JV with NLC India Renewables, to develop green energy projects. PTC holds a 26% stake in the entity.
SIS Limited disclosed that its subsidiary incorporated a Finnish wholly-owned subsidiary for global workforce solutions. No consideration was paid as the entity is newly incorporated.
Tipco Engineering incorporated defence and robotics subsidiary TDTRPL with a 51% equity stake. The move diversifies the company into defence equipment, robotics, and automation.
ABFRL subsidiary Sabyasachi India Ltd incorporated Sabyasachi Retail FZ-LLC in Ras Al Khaimah, UAE. The step-down subsidiary will deal in designer apparels, jewellery and accessories.
GOI has approved the closure/winding-up of BIBCOL. This Reg 30 disclosure signals the company's eventual delisting and wind-down of operations.
Goodricke Group Ltd sold a collection of art-works via public auction for approximately ₹27.75 Crore. This strategic divestment of non-core assets will positively impact the company's cash position.