Fusion Finance Merger & Restructuring Worth ₹35.2 Cr
Fusion Finance Limited has sold a stressed loan portfolio with an outstanding value of ₹54.16 crore to an Asset Reconstruction Company for ₹35.20 crore.
- Value
- ₹35.20 Cr
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Fusion Finance Limited has sold a stressed loan portfolio with an outstanding value of ₹54.16 crore to an Asset Reconstruction Company for ₹35.20 crore.
Park Medi World Ltd incorporated a wholly owned subsidiary, Park Medicity Prayagraj Limited, for Rs. 0.15 Crore. The subsidiary will operate a 550-bed hospital in Uttar Pradesh.
CESC Limited has incorporated a new wholly-owned subsidiary, Purvah Nexgen Energy Private Limited, to focus on renewable power. The initial paid-up capital is ₹0.01 Crore.
G M Polyplast Ltd received shareholder approval for the sale of machinery and spare parts to its wholly-owned subsidiary, Regranix Private Limited, for up to ₹2 Crore.
CESC Limited has incorporated two new wholly-owned subsidiaries: Purvah Nexgen Energy Private Limited and RPSG Nexgen Energy Private Limited to explore opportunities in the renewable power sector.
Kesar Enterprises will sell its Sugar, Distillery, and Cogen divisions in a slump sale to Avadh Foods for Rs. 431 Crore.
Aeroflex Neu Limited has completed the sale of its entire 51.01% stake in Fibcorp Polyweave Private Limited for ₹1.92 Crore. The entity has ceased to be a subsidiary.
Viyash Scientific Limited announced receipt of Italian regulatory approval for its subsidiary Alivira Animal Health's acquisition of BioForLife Italia S.r.l. The transaction completion timeline is extended.
Avanti Feeds Limited incorporated a new entity, Thai Union Feedmill Ecuador S.A.S., in Ecuador. The company acquired a 10% stake in the entity via share subscription.
Bank of Baroda proposes to divest up to 76,90,375 equity shares of NSE via the upcoming National Stock Exchange IPO as a selling shareholder.
TCC Concept Limited updated its previously announced merger with subsidiary ALTRR Software Services Limited, incorporating changes due to a recent share subdivision and MOA amendment.
Tega Industries' subsidiary, Tega MC Global Holdings, incorporated a new subsidiary, Tega Molycop Management Consultancy L.L.C., in Dubai with a capital of AED 100,000.
Tata Communications' wholly owned indirect subsidiary, Kaleyra Africa (Pty) Limited, has been dissolved following voluntary liquidation. No financial impact occurred as the entity was non-operating.
HMA Agro Industries Ltd approved the divestment of its entire 100% stake in subsidiary FNS Agro Foods Limited to promoter-group individuals for ₹5.01 Crore.
Sanginita Chemicals (now Agastya Energy) incorporated a wholly owned UAE subsidiary, Agastya Global Enterprises (FZE), in SAIF-Zone, Sharjah. The new entity carries AED 150,000 share capital.
IGIL completed consolidation of control over IGI Botswana on September 7, 2026. IGI Botswana is now a wholly owned step-down subsidiary of IGI Dubai.
Solarworld Energy Solutions signed a JV and subscription agreement with Rays Power Infra, committing up to ₹520 Crore to establish a 2.4 GW solar manufacturing facility.
Solarworld Energy Solutions formed a JV with Rays Power for a 2.4 GW solar PV manufacturing facility, committing Rs.420 Crore via subscription and loans.
Solarworld Energy Solutions signed a joint venture agreement with Rays Power Infra to establish a 2.4 GW solar PV cell manufacturing facility in Madhya Pradesh.
Bhagyanagar India Limited announced that the National Company Law Tribunal, Hyderabad Bench, has approved the Composite Scheme of Arrangement involving Bhagyanagar Copper Private Limited and Tieramet Limited.
Vishnu Chemicals formed a 50:50 joint venture with DCX Chrome SAS, France. They will establish a greenfield facility in India for high purity chromium metal.
Alembic Pharmaceuticals incorporated a wholly owned subsidiary, Alembic Pharmaceuticals Global FZCO, in the UAE for Rs. 0.26 Crore to explore new business opportunities in pharmaceuticals.
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3i Infotech Limited announced the successful deregistration and closure of its dormant step-down subsidiary, 3i Infotech Netherlands B.V., effective April 30, 2026.
Glottis Limited has incorporated a wholly-owned subsidiary, Glottis Logistics SDN. BHD., in Malaysia. This strategic move aims to expand the company's footprint in freight forwarding.
Variman Global Enterprises has withdrawn its proposed 99.99% acquisition of Ecogenics Technologies and Systems Limited, along with the associated preferential share issue.
Metropolis Healthcare's subsidiary MQSPL will issue shares to Medsource and Dr. Puneet Kumar Nigam for ₹1.26 Crore, diluting MHL's stake to 54.90% through this strategic restructuring.
Sar Televenture Limited has cancelled the proposed acquisition of Tikona Infinet Private Limited and withdrawn its related application for a preferential share allotment.
Marathon Nextgen Realty held court-convened meetings of equity shareholders and unsecured creditors to approve the proposed Composite Scheme of Amalgamation and Arrangement.
Mankind Pharma announced that members of its wholly-owned subsidiary, Bharat Serums and Vaccines Limited (BSVL), approved its voluntary liquidation in an EGM.