Hindalco Industries Merger & Restructuring Worth ₹0.05 Cr
Hindalco Industries Limited has incorporated UHG Holdings IFSC Private Limited as an associate company. Hindalco invested ₹0.05 Crore to acquire a 50% stake in the entity.
- Value
- ₹0.05 Cr
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Hindalco Industries Limited has incorporated UHG Holdings IFSC Private Limited as an associate company. Hindalco invested ₹0.05 Crore to acquire a 50% stake in the entity.
UltraTech Cement has incorporated a new subsidiary, UHG Holdings IFSC Private Limited, in GIFT City. The company invested ₹0.04 Crore for a 41% stake.
Pace Digitek Limited has incorporated a wholly owned subsidiary, Transgreenx Asset Holdco Private Limited, for renewable energy projects. The company invested ₹0.01 Crore for this 100% stake.
Pace Digitek has incorporated a new wholly-owned subsidiary, TransgreenX Asset Holdco, and completed the acquisition of Inso Pace Private Limited. Both entities now function as company subsidiaries.
RSWM Limited completed the incorporation of its joint venture entity, LNJ NDS9 Global Private Limited. The company invested Rs. 0.74 Crore for the initial share subscription.
Hindustan Composites completed the slump sale of its Friction Business Undertaking for ₹370 Crore. This follows shareholder approval and marks the full completion of the transaction.
RSWM Limited has incorporated LNJ NDS9 Global Private Limited, a joint venture with NDS9 Private Limited. The venture will establish a Denim Garment facility costing ₹186.30 crore.
Cyient Limited has successfully completed the closure of its branch office in Norway. Management states the closure will not have a material impact on company operations or finances.
Global Education Limited announced that NCLT sanctioned the demerger of Yola Stays Limited's real estate business into Rishiraj Infravision. The company will receive 24,00,000 RIPL shares.
Niraj Cement Structurals Limited has incorporated a new subsidiary, Niraj Group Foundation. The Section 8 company will handle the group's social welfare and CSR activities.
Metropolis Healthcare's subsidiary, MQSPL, will issue 10,000 Optionally Convertible Redeemable Preference Shares (OCRPS) to Dr. Puneet Kumar Nigam. Post-conversion, MQSPL will remain a subsidiary.
PDS Limited is selling its 49% stake in associate company DBS Lifestyle for ₹9.17 Crore. This divestment aims to rationalize the company's loss-making portfolio.
Hindustan Composites completed the slump sale of its Friction Business Undertaking to Rane (Madras) Limited. Concurrently, the Managing Director and four senior personnel transferred to RML.
India Glycols Ltd received the certified NCLT order approving the Scheme of Arrangement, which involves the demerger of its Biopharma, Spirits, and Biofuel undertakings.
Choice International completed the acquisition of 100% stake in Choice Proptech Solutions Private Limited for ₹6.22 Crore. This transaction is an internal group restructuring.
Samvardhana Motherson International Limited has incorporated a new joint venture subsidiary, MHSCL JVC Holding Limited, in Dubai to provide logistics solutions.
SRM Contractors Ltd has decided to incorporate a new SPV, 'GIRAFFE SRM ESTATES PRIVATE LIMITED'. The company will hold a 49% stake, investing Rs. 49,000.
TeamLease Services is divesting its 30% stake in joint venture Crystal HR and Securities Solutions Private. The exit involves a share transfer and a buyback process.
One Mobikwik Systems Limited completed the slump sale of its Lending Services Provider Business to its subsidiary, MobiKwik Distribution Services Private Limited, for ₹95.22 Crore.
BLS International Services acquired an additional equity stake in its subsidiary, BLS E-Services Limited, for a cost of ₹4.29 Crore.
Hindustan Aeronautics Limited's joint venture, Infotech HAL Limited, in which it held a 50% stake, has been dissolved by the NCLT.
Sar Televenture Limited has decided not to proceed with its previously proposed acquisitions of Blue Lotus Support Services Private Limited and Whitefield Communication Private Limited.
Clean Science and Technology's subsidiary, Clean Fino-Chem, incorporated a new subsidiary in the Netherlands, Clean Science International B.V., with initial capital of EUR 50,000.
Rubfila International will divest its entire stake in subsidiary Premier Tissues (India) to Finquest Personal Care for an aggregate consideration of ₹61.00 Crore.
The Ruby Mills Limited has sold commercial premises on the 33rd floor of 'The Ruby' to Torrent Pharmaceuticals Limited for Rs. 124.08 Crore.
Indo Borax and Chemicals will acquire a 64.26% stake in Kronox Lab Sciences for ₹246.12 Crore. The deal triggers a mandatory open offer for an additional 25.79% stake.
K.M. Sugar Mills Limited received NCLT sanction for the demerger of its Distillery Division into KM Spirits and Allied Industries Limited. The official order copy is awaited.
HFCL Ltd's Australian step-down subsidiary, HFCL Pty Ltd, has been voluntarily liquidated and deregistered. This closure has no financial impact on the company.
Digilogic Systems Ltd invested Rs. 0.04 Crore for the initial subscription of equity shares in its subsidiary, Abhedhya Systems Private Limited.
Torrent Power's subsidiary incorporated two new companies, Torrent Urja 50 and 51, for renewable energy projects with a cash investment of ₹0.05 Crore.