Exicom Tele-Systems Merger & Restructuring Worth ₹14.25 Cr
Exicom Tele-Systems' subsidiary, Exicom Power Solutions B.V., converted USD 1.5 million in debentures into equity. This dilutes the company's stake from 92.23% to 90.29%.
- Value
- ₹14.25 Cr
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Exicom Tele-Systems' subsidiary, Exicom Power Solutions B.V., converted USD 1.5 million in debentures into equity. This dilutes the company's stake from 92.23% to 90.29%.
GAMCO Limited completed the sale of its wholly owned subsidiary, Visco Advisory Private Limited, to Blackstone for ₹15.803 Crore. The transaction follows previously disclosed agreements.
IndiaMART InterMESH Limited has successfully incorporated a new wholly-owned subsidiary named IndiaMART Finance Limited. This entity received its Certificate of Incorporation from the ROC on August 4, 2026.
RHI Magnesita India has successfully completed a joint venture with Khemka Refractories to launch MINPRO. The new entity focuses on refractory recycling and circular mineral solutions in Odisha.
Capillary Technologies acquired the CustomerGlu software platform and intellectual property from Marax AI, Inc. The acquisition integrates GenAI-powered gamification tools into Capillary's loyalty platform.
BASF India's Board approved acquiring a 14.18% stake in Clean Max Galapagos Private Limited for Rs 0.95 Crore. The investment secures 4,240 MWh of solar power annually.
Belrise Industries has entered a Business Transfer Agreement to acquire Hyva India's Tipper Body business for $5.65 million (approx. ₹53.82 Crore) on a slump sale basis.
Belrise Industries Limited acquired Hyva India's Tipper Body Business for USD 5.65 million (₹53.68 Crore). The slump sale acquisition includes three manufacturing facilities in India.
Belrise Industries has approved the acquisition of India Tipper Body business from Hyva (India) Pvt. Ltd for ₹54.39 Crore. The slump sale expands Belrise's commercial vehicle portfolio.
TruAlt Bioenergy approved the slump sale of its Unit 5 to Onkar Agro Sugars & Energy Private Limited for ₹171 Crore.
Godrej Properties Ltd has approved the amalgamation of its indirect subsidiary, Godrej Housing Projects Private Limited, into the parent company. The transaction involves no cash consideration.
MITCON Consultancy's subsidiary, MITCON Credentia Trusteeship Services, incorporated a new wholly-owned subsidiary, MITCON Credentia Corporate Support Services Limited, for Rs. 0.01 Crore to expand its support business.
MITCON Consultancy's subsidiary incorporated a new wholly-owned subsidiary, MITCON Credentia Repository Services Limited, for Rs. 0.50 Crore to expand into repository services.
MITCON's subsidiary invested Rs. 0.51 Crore to incorporate two new wholly-owned step-down subsidiaries, expanding its footprint in repository and corporate support services.
Master Components Limited shareholders approved the scheme of amalgamation with Master Moulds Private Limited during the NCLT-convened meeting held on August 3, 2026.
Samvardhana Motherson has completed the acquisition of a 49% stake in Vacuform 2000 Proprietary Limited, making it an indirect wholly owned subsidiary.
Samvardhana Motherson International Limited has completed its acquisition of a 49% stake in Vacuform 2000 Proprietary Limited through its step-down subsidiary, MSSL Global RSA Module Engineering.
RHI Magnesita India formalized a joint venture by issuing 9,607 shares to Khemka Refractories. The transaction, valued at ₹1.91 Crore, secures land for the JV.
Jupiter Wagons formed a strategic partnership with Italy's Lucchini RS, involving a 25% equity stake acquisition in its railwheel factory for approximately €28 million.
Inventure Growth & Securities Ltd has voluntarily withdrawn its proposed Scheme of Arrangement involving amalgamation and demerger, as it failed to secure necessary RBI approvals.
Inox Green Energy Services will acquire the O&M business of Wind World (India) for up to ₹550 Crore following NCLT approval of the resolution plan.
Endurance Technologies completed the divestment of its Italian subsidiary, Veicoli Srl, following regulatory approval. The transaction involves an initial consideration of Rs. 24.19 Crore.
Jupiter Wagons has acquired the remaining 1.94% stake in its subsidiary, Jupiter Tatravagonka Railwheel Factory, for ₹16.53 Crore, making it a wholly-owned subsidiary.
Power Grid acquired Krishnagiri REZ Transmission Limited, a project SPV, for Rs. 19.82 Crore. This acquisition integrates the entity into its transmission operations.
Allied Blenders and Distillers has received the certified NCLT Final Order for the Scheme of Amalgamation merging Deccan Star Distilleries and Sarthak Blenders & Bottlers.
Royal India Corporation's subsidiary divested a 10% stake in Exclusive Quarries for ₹1.44 Crore. This transaction results in the cessation of the entity as a subsidiary.
The Company's shareholders approved the Scheme of Amalgamation of its wholly-owned subsidiaries into the Company via a postal ballot.
PFC sold two wholly-owned transmission subsidiaries, Ananthpuram and Krishnagiri REZ, to Apraava Energy and Power Grid respectively for a combined Rs. 39.44 Crore.
Restaurant Brands Asia will invest Rs. 53 Crore in PT Sari Burger Indonesia by subscribing to redeemable preference shares to meet business requirements.
H.G. Infra Engineering Limited announced the striking off of five step-down subsidiary companies by the Registrar of Companies. These companies have ceased to be subsidiaries.