Purple Finance Merger & Restructuring Worth ₹5.38 Cr
Purple Finance Ltd approved the sale of a loan portfolio worth ₹5.38 Crore. The transaction uses the RBI's Direct Assignment route.
- Value
- ₹5.38 Cr
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Purple Finance Ltd approved the sale of a loan portfolio worth ₹5.38 Crore. The transaction uses the RBI's Direct Assignment route.
Nephrocare Health Services' subsidiary NPKSC will acquire a 51% stake in NHSSAC for ₹5.69 Crore. This internal restructuring aims to optimize the Group's Saudi Arabia operations.
Hindustan Composites Limited received shareholder approval for the slump sale of its Friction Business Undertaking via postal ballot. The resolution was deemed passed on August 8, 2026.
Airo Lam Limited has incorporated two wholly owned subsidiaries: Airolam USA LLC in the USA and Airolam EUROPE in Poland. Both focus on trading plywood and laminates.
Krystal Integrated Services acquired a 100% stake in Citelum India from EDF Group. The move expands Krystal's presence in city lighting and urban infrastructure services.
Foods & Inns Limited received board approval to incorporate a new subsidiary, F-HAD Private Limited, in which it will hold a 51% stake.
Focus Lighting and Fixtures Limited is acquiring a 51% equity stake in LightAlive Solutions Private Limited for ₹5.20 Crore to strengthen its LED lighting portfolio.
Adani Ports incorporated a new step-down subsidiary, Ocean Sparkle Offshore Limited, for ship management and operations with a paid-up capital of ₹5 lakh.
P H CAPITAL LIMITED will incorporate a new subsidiary for corporate advisory services, acquiring a majority stake for a cash consideration of ₹0.15 Crore.
P H Capital Limited is incorporating a new overseas wholly-owned subsidiary for trading and investment activities. The specific investment amount is yet to be determined.
Adani Ports and Special Economic Zone Ltd has incorporated a new wholly-owned subsidiary, Ocean Sparkle Offshore Limited, via its step-down subsidiary, Ocean Sparkle Limited.
TARC Limited will acquire an additional 50% stake in Niblic Greens Hospitality Pvt. Ltd. for ₹0.55 Crore, making it a wholly-owned subsidiary.
PI Industries will incorporate 'PI Foundation' as a Section 8 company for CSR activities. The company will invest Rs. 0.01 Crore in cash for the shares.
Viyash Scientific Ltd is incorporating a new subsidiary, Alivira Vietnam Company Limited, with a cash investment of ₹3.82 Crore. This expands its global subsidiary structure.
Vaxfab Enterprises has incorporated a new wholly owned subsidiary, Al Rafa Enterprise FZ-LLC, in the United Arab Emirates. The entity is yet to commence business operations.
Viyash Scientific Limited will convert intercompany loans into equity in its subsidiary, Alivira Animal Health Limited, valued at ₹400.02 Crore. The move strengthens the subsidiary's capital structure.
Puravankara Limited provided an update on its previously announced divestment. The transaction closure is now expected within the next 30 days.
Gokak Textiles will close and sell its knitwear unit in Belagavi for Rs. 19.50 Crores. The decision addresses operational unviability in the textile business.
Puravankara Ltd is divesting its subsidiary, Purva Ruby Properties Private Limited, for an estimated consideration of ₹145 Crore. The transaction closure is expected within 30 days.
Larsen and Toubro will sell its stake in L&T Network Services to subsidiary Vyoma.AI Limited for Rs. 30 Crore in an equity-based transaction.
CAMS acquired the first tranche of shares in subsidiary Think Analytics India Private Limited for Rs. 17.73 Crore. This increases its stake in the entity to 77.70%.
L&T will transfer its Data Center business to its wholly-owned subsidiary, Vyoma.AI Limited, via a slump sale for an estimated consideration of Rs. 1,400 Crore.
GEM Enviro Management Ltd entered a Share Subscription Agreement to acquire a 26% equity stake in Solluz Energy Private Limited for ₹5.07 Crore.
Gayatri Highways amended its Securities Purchase Agreement regarding the sale of its entire stake in HKR Roadways. The update modifies escrow and payment terms.
Vision Infra Equipment Solutions has incorporated a wholly owned subsidiary, VISION INFRA EQUIPMENT L.L.C, in Dubai, UAE. The subsidiary focuses on construction equipment trading and rental.
Le Merite Exports Limited has cancelled its previously proposed acquisition of an additional 14.5% stake in its subsidiary, Le Merite Tactical & Defence Solutions Private Limited.
Hindustan Composites received shareholder approval for the Rs. 370 Crore slump sale of its Friction Business Undertaking to Rane (Madras) Limited.
Kody Technolab Limited has mutually terminated its joint venture agreement with Vira Drones SA. No material adverse impact on the company is expected from this decision.
Global Surfaces Limited will convert a ₹110.44 Crore shareholder loan into equity in its wholly-owned subsidiary, Global Surfaces FZE. This transaction aims to strengthen the subsidiary's balance sheet.
L&T will transfer its Data Center business for ₹1,400 crore and divest its stake in L&T Network Services for ₹30 crore to its subsidiary, Vyoma.AI.