Smarten Power Systems Merger & Restructuring
Smarten Power Systems Limited has incorporated a wholly-owned subsidiary, Hangzhou Smarten Electric Power Technology Co., Ltd., in China to expand its technology and automation business.
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Smarten Power Systems Limited has incorporated a wholly-owned subsidiary, Hangzhou Smarten Electric Power Technology Co., Ltd., in China to expand its technology and automation business.
Excelsoft Technologies is incorporating a wholly owned subsidiary in Canada to expand its North American operations. The initial cash investment is INR 0.3 Crore.
Patil Automation Limited is acquiring an additional 10% stake in Mii Robotics Private Limited, increasing its total shareholding to 70%.
Renaissance Global Ltd announced an internal group restructuring involving share transfers between its USA and Indian subsidiaries to simplify its global corporate footprint.
IndusInd Bank received RBI approval to establish a wholly-owned subsidiary for stock broking. The bank will infuse equity capital into this new subsidiary.
Gamco Ltd completed the acquisition of a 25.5% stake in Blissara Resorts Private Limited for Rs. 18.21 Crore. This increases Gamco's total holding to 33.33%.
Stanley Lifestyles' shareholders approved the amalgamation of its wholly owned and step-down subsidiaries into the parent company via a postal ballot vote.
Anya Polytech & Fertilizers Limited incorporated a new subsidiary, Orchha Hospitality And Retreat Private Limited, for Rs.0.0051 Crore.
Raymond Realty Limited is incorporating a new wholly-owned subsidiary, Ten X Mahalaxmi Limited, to expand its real estate business footprint. This is a strategic restructuring event.
Nazara Technologies infused funds into its subsidiary, Nazara UK, and completed the first tranche of the acquisition of Target Companies for ₹851.51 Crore.
SML Mahindra Limited issued a postal ballot notice seeking shareholder approval for the slump sale acquisition of Mahindra & Mahindra's Truck and Bus Division for ₹525 Crore.
Nazara Technologies completed the acquisition of Bluetile Games and Bestplay Systems by infusing ~₹872.28 Crore into its subsidiary, Nazara UK, to fund the first tranche payment.
Waaree Energies' subsidiary acquired a 24.21% stake in Eppeltone Engineers Limited for approximately ₹21.78 Crore. This move strengthens Waaree's presence in the smart metering value chain.
Beacon Trusteeship Limited has issued a No Objection Certificate to REC Limited regarding the company's proposed merger with Power Finance Corporation.
Kuber Udyog will acquire 100% of Golden Ikon Fleet Management for Rs. 176.22 Cr via share swap. The board also approved additional capital-raising and business expansion.
Chatha Foods Ltd amended its Shareholders' Agreement for the JV Allana CF Foods, involving a Rs. 11.60 Crore capital infusion by partner FAPL.
Xtranet Technologies Ltd invested ₹15.25 Crore in its subsidiary, Xtratrust Digisign Pvt Ltd, through an equity share subscription. This investment supports subsidiary growth and operational needs.
Raymond Realty Ltd will incorporate a new wholly-owned subsidiary, Ten X Mahalaxmi Limited, with an initial capital investment of Rs.0.01 Crore for real estate development.
Lancer Container Lines Ltd has incorporated two new step-down wholly owned subsidiaries: Lancia Shipping Sdn. Bhd. in Malaysia and Lancia Shipping SPC in Oman.
NHPC Limited has received the MCA hearing date of 25.08.2026 for the scheme of amalgamation involving its wholly-owned subsidiary, Jalpower Corporation Limited.
Cosmic CRF Limited deposited Rs. 60 Crore as security for the acquisition of Amzen Transportation Industries Private Limited under the CIRP process.
Blue Water Logistics acquired a 47% stake in Blue Water Logistics Company Limited, Thailand. This investment establishes an associate relationship, expanding the company's market presence.
Panorama Studios International's Board granted in-principle approval to invest in another company. Specific terms, including the investee's name and investment amount, remain to be disclosed.
UGRO Capital has received an NCLT order directing it to convene meetings of its shareholders and creditors to approve the proposed Scheme of Amalgamation with its subsidiary, Profectus Capital.
Chandan Healthcare approved the divestment of its entire 53.56% stake in Chandan Pharmacy to group company Chandan Hospital. The transaction is valued at ₹31.31 Crore.
Hindalco provides an update on the acquisition of AluChem Companies, Inc. The CFIUS review timeline is now extended to September 2, 2026, due to U.S. government shutdowns.
Paras Defence and Space Technologies Limited has approved the divestment of its entire 47.50% stake in associate Krasny Paras Defence Technologies. Consideration is pending due diligence.
Phantom Digital Effects will invest USD 2.7 million in its UK subsidiary, Milk Visual Effects. The board also approved a committee reconstitution and an AGM extension application.
JK Tyre & Industries Ltd approved a Rs. 1.38 Crore investment to acquire a 26% stake in STTY RE Banmore Ltd for captive solar power.
Airfloa Rail Technology approved the formation of a new subsidiary for defence and aerospace sectors. The board also reviewed the quarterly IPO proceeds utilization and monitoring reports.