Nyssa Corporation Merger & Restructuring
Nyssa Corporation's board approved the sale of its entire stake in associate firm Om Vasistha Developers. The transaction includes all assets and liabilities, pending shareholder approval.
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Nyssa Corporation's board approved the sale of its entire stake in associate firm Om Vasistha Developers. The transaction includes all assets and liabilities, pending shareholder approval.
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Prime Focus Limited's indirect subsidiary, DNEG S.a.r.l, incorporated a wholly owned subsidiary named DNEG Middle East FZ LLC in the UAE.
Sapphire Foods has terminated the SPA for the previously proposed Secondary Sale Transaction. The merger process with Devyani International Limited continues as planned without this condition.
Welspun Investments & Commercials completed the divestment of 60 lakh shares in Welspun Corp Limited for Rs. 1,365.18 Crore via a block deal.
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Nitco Limited formed a joint venture with The House of Abhinandan Lodha to develop a mixed-use real estate project in Alibaug valued at ₹4,500 crore.
IRB Infrastructure Developers is merging multiple subsidiaries into itself to simplify corporate structure and improve operational efficiency. No consideration is payable and no new shares issued.
Mankind Pharma's board approved the voluntary liquidation of its subsidiary, Bharat Serums and Vaccines Limited, to integrate its business into the parent company.
Devyani International's non-operational subsidiary, Devyani RK Private Limited, has been dissolved following a voluntary strike-off by the Registrar of Companies.
Bikaji Foods International sold a 30% stake in its subsidiary Bikaji Bakes Private Limited for ₹30,000. Following the sale, the entity remains a 70% owned subsidiary.
Jain Resource Recycling executed a Loan Conversion Agreement to convert a Rs. 44.50 Crore loan into equity. Its stake in subsidiary Jain Ikon will increase to 99.74%.
Zydus Lifesciences Limited has incorporated a wholly owned subsidiary, Zydus Global Treasury Centre IFSC Limited, in GIFT City, Gujarat. The subsidiary has a paid-up capital of Rs. 5 Crore.
REC Limited’s subsidiary, RECPDCL, incorporated a new SPV, Vikramshila Power Transmission Limited, for a power transmission project. This incorporation involved a cash consideration of ₹0.05 Crore.
Veefin Solutions' subsidiary Infini Systems Limited entered a slump sale agreement to transfer its business undertaking to Nityo Tech Private Limited for ₹30 Crore.
REC Limited incorporated two new wholly-owned subsidiaries, Vikramshila Power Transmission Limited and Alkud II Power Transmission Limited, as special purpose vehicles for power transmission projects.
Honasa Consumer has terminated its proposed acquisition of a 58% stake in Fluence Pharma Private Limited due to the non-fulfilment of closing conditions.
Oriana Power Limited will sell a 26% stake in its subsidiary, Dynospark Private Limited, to JK Lakshmi Cement Limited for up to ₹16 Crore.
NCLT approved a selective capital reduction of subsidiary GRMPL, effectively increasing Godrej Properties' indirect stake from 51% to 96.81% without cash consideration.
SRM Contractors Ltd has incorporated a new associate company, GIRAFFE SRM ESTATES PRIVATE LIMITED. The entity will focus on highway infrastructure and wayside amenities.
Arvind Limited has mutually agreed to terminate the Power Transfer Agreement and Share Subscription and Shareholders' Agreement dated May 12, 2025, with TU28.
Zodiac Energy Ltd incorporated a new wholly-owned subsidiary, Zodiac Energy IPP-2 Private Limited, to support its solar power and EPC projects strategy.
Striders Impex Limited is investing ₹3.28 Crore in its wholly-owned subsidiary, Striders Hub General Trading L.L.C. The funds will support working capital requirements.
Varun Beverages will incorporate a joint venture in Tunisia to produce and distribute beverages. The company will hold a 75% stake for a cash consideration.
Varun Beverages approved incorporating a wholly-owned subsidiary in India and a joint venture in Tunisia. The India subsidiary's proposed paid-up capital is ₹9 Crore.
AAA Technologies signed an MOU to participate in the CIRP of Educomp Solutions via an SPV, committing ₹6 Crore as refundable bid security.
Orient Press Limited's board approved selling its factory at Boisar, Maharashtra, for at least Rs. 24 Crore. Proceeds will fund working capital and expansion programs.
Orient Press Limited's board has approved the disposal of its factory at MIDC Tarapur Industrial Area. The transaction is subject to shareholder approval at the upcoming AGM.
Josts Engineering Company Limited has incorporated a wholly-owned subsidiary, Josts Techno Solutions Limited. The new entity will operate in the engineered products and services business.
Sudarshan Chemical's subsidiary will acquire a manufacturing plant in Muttenz, Switzerland, from Clariant Additives for a base price of CHF 7 million plus inventory value.