Thermax Merger & Restructuring
Thermax Limited approved the amalgamation of its wholly-owned subsidiary, Thermax Cooling Solutions Limited, to simplify group structure. No new shares will be issued in this transaction.
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Thermax Limited approved the amalgamation of its wholly-owned subsidiary, Thermax Cooling Solutions Limited, to simplify group structure. No new shares will be issued in this transaction.
REC Limited's subsidiary, RECPDCL, incorporated a new entity, Kukshi Alirajpur Transmission Limited, for an intra-state power transmission project. This SPV will be transferred to a successful bidder.
REC Limited incorporated a wholly owned subsidiary, Kukshi Alirajpur Transmission Limited, to act as a special purpose vehicle for a transmission project in Madhya Pradesh.
Utssav CZ Gold Jewels Limited has incorporated its wholly-owned subsidiary, Utssav Gold and Diamond Private Limited. The initial investment for 100% shareholding is ₹0.01 Crore.
Vedanta Limited's board has approved the demerger of its real estate business into Vedanta Property Platforms Limited. The move aims to unlock value through a pure-play real estate platform.
Vedanta Aluminium Metal Limited will invest ₹165 Crore for a 26% stake in Serentica Renewable India 9 Private Limited. This project integrates a 150 MW Battery Energy Storage System.
Filatex India Limited has incorporated a step-down wholly owned subsidiary, Ecosis Infinite, Sociedad Limitada, in Spain. The new entity will manufacture and deal in polyester yarns.
Mahindra & Mahindra will merge its wholly owned subsidiary, Mahindra Investment Company (Mauritius) Limited, into itself. No cash or share consideration is involved.
AVATAR Industries Limited has incorporated a wholly owned subsidiary, AVATAR AI MindLab Private Limited. The new entity will focus on enterprise AI adoption and talent services.
Bondada Engineering's subsidiary, Bondada Dynamics, has executed an agreement to acquire a 75% stake in KCS Engineering Solutions. This expands the group's presence in defence and aerospace.
Hazoor Multi Projects Limited has completed the sale of a 3.67% stake in Square Port Shipyard Private Limited for ₹1.16 Crore.
63 Moons announced an MPID Court order allowing an application to cancel the attachment of certain assets, facilitating a one-time settlement for NSEL creditors.
RPG Life Sciences is selling its API business to its wholly-owned subsidiary, RPG Active Pharma Limited, for a consideration of ₹33.55 Crore.
RPG Life Sciences' subsidiary, RPG Active Pharma, signed an investment agreement with ILSF and Vistaject. The deal involves an initial Rs. 243.33 crore capital infusion.
RPG Life Sciences will transfer its API business to subsidiary RPG Active Pharma and acquire Actis Generics. InvAscent will invest up to ₹700 Crore in the entity.
Max Healthcare has completed the voluntary liquidation of its wholly-owned Nigerian subsidiary, MHC Global Healthcare. This dissolution has no material impact on the company's financials.
RPG Life Sciences will sell its API business for Rs. 33.55 Crore to its subsidiary and raise Rs. 243.33 Crore from investors in that subsidiary.
P.M. Telelinnks Ltd completed a share purchase agreement, resulting in a change of control to BSL Infrastructure Ltd. The transaction involves 48.38 lakh equity shares.
Welspun Enterprises signed an agreement to divest its entire stake in subsidiary WASPPL to BIIF Infrastructure II Private Limited. The transaction has an enterprise value of ₹1,000 Crore.
Rainbow Children's Medicare is acquiring a 64% stake in Super Prime Medical Care LLP for ₹19.84 Crore to operate a children's hospital in Nellore.
Rainbow Childrens Medicare Limited is divesting a 24% stake in its subsidiary, Rainbow Women & Children's Hospital Private Limited, to Fountainhead TCHM Healthcare LLP for Rs. 0.0024 Crore.
Rainbow Childrens Medicare is investing ₹68.40 Crore into its subsidiary, Rainbow Women & Childrens Hospital, to fund a new hospital development project in Mumbai.
Kesar India Ltd acquired 100% equity stake in Kesar Lands Private Limited for a total consideration of ₹155.86 Crore, settled via a share swap.
ADF Foods Limited is incorporating a wholly owned step-down subsidiary in Ireland for EUR 20,000 to facilitate ease of doing business in Europe.
J.K. Cement is investing ₹4.91 Crore to acquire an 18.31% equity stake in Mehrauni Electro Power, an SPV developing a 40 MW solar power plant.
Zensar Technologies has received in-principle board approval to merge its US-based step-down subsidiaries, Bridgeview Life Sciences LLC and M3BI LLC, into Zensar Technologies Inc.
REC Limited is divesting its subsidiary, Shongtong Power Transmission Limited, to Terralight Solar Energy Tinwari Private Limited. The cash-based transaction is valued at approximately ₹20.41 Crore.
REC Limited sold its subsidiary, Bhadla Ramgarh Power Transmission Limited, to Power Grid Corporation of India Limited for ₹12.86 Crore in an all-cash deal.
REC Limited has divested two project-specific subsidiaries, Bhadla Ramgarh Power Transmission Limited and Shongtong Power Transmission Limited, for a total consideration of ₹33.26 Crore.
Power Grid acquired Bhadla Ramgarh Power Transmission Limited for ₹12.86 Crore, as the successful bidder for an inter-state transmission project.