Everest Industries Merger & Restructuring
Everest Industries Limited announced the voluntary winding-up of its wholly-owned Mauritian subsidiary, Everest Building Products. This closure aims to simplify the group's corporate structure.
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Everest Industries Limited announced the voluntary winding-up of its wholly-owned Mauritian subsidiary, Everest Building Products. This closure aims to simplify the group's corporate structure.
Somany Ceramics informed the exchange about receiving the NCLT Kolkata Bench order dated July 21, 2026, concerning its ongoing amalgamation scheme.
Prozone Realty acquired an additional 17.51% stake in Downtown Retail Malls Private Limited for Rs. 0.00175 Crore. This transaction increases their total holding to 26.80%.
Craftsman Automation is investing ₹1.07 Crore to acquire a 26.66% stake in Sterling MH Wind Private Limited for a captive wind power project.
Coal India will invest ₹0.22 Crore in the Rights Issue of its subsidiary, CIL Rajasthan Akshay Urja Limited, to fund renewable energy projects.
Gravita India is closing its subsidiary, Gravita Metal Inc., citing operational and cost efficiencies at its main Jaipur facility. This discontinuation is not expected to materially impact finances.
Mankind Pharma has completed the sale of its 100% stake in Broadway Hospitality Services Private Limited for a cash consideration of ₹ 49 Crore.
Nimbus Projects is converting its partnership interest into a 95% stake in a new entity, IITL Nimbus The Express Park View, for a ₹1.02375 Crore subscription.
Emkay Global Financial Services Limited's board approved incorporating a new wholly-owned subsidiary. This subsidiary will house the company's wealth management vertical to enhance operational focus.
Nimbus Projects Limited will convert its partnership firm, IITL-Nimbus, The Hyde Park Noida, into a private limited subsidiary company, holding a 66.67% stake.
Nimbus Projects is converting its existing partnership firm, IITL-Nimbus The Express Park View, into a private limited company. The entity will become a subsidiary of the company.
Nimbus Projects will incorporate a new subsidiary, IITL Nimbus The Palm Village Pvt Ltd, by converting a partnership firm. This conversion involves a ₹1 Crore capital stake.
Crizac Limited's subsidiary will acquire a 100% stake in Inova Consultancy Limited for ₹9.48 Crore. This strategic move expands the company's footprint into the Netherlands.
Heritage Foods Limited has completed the acquisition of an additional 20% stake in Peanutbutter and Jelly Limited, making it a 71% subsidiary.
Purple Finance received in-principle approval to evaluate the acquisition of up to 100% of Saksham Gram Credit Private Limited. Final terms remain under discussion.
IndiaMART InterMESH Ltd has entered into an agreement to acquire a 25.80% stake in Fleetx Technologies Private Limited. The total investment amount is ₹64.98 Crore.
Crizac Ltd's wholly owned subsidiary acquired 100% equity stake in Inova Consultancy Limited. The acquisition cost was £742,378, approximately ₹9.50 Crore.
Bondada Engineering acquired a 60% stake in Onix IPP Private Limited. This acquisition enables development of a 225 MW solar power project in Maharashtra.
PFC Consulting Limited has incorporated a wholly owned subsidiary, Kushtagi Transmission Limited. The SPV will develop a transmission system in Koppal District.
Taneja Aerospace signed a Master Restructuring and Transfer Agreement. This involves transferring equity in Zenith Precision and acquiring its SEZ Division as a going concern.
Associate company Ashok Leyland John Deere Construction Equipment Company Private Limited has been voluntarily liquidated. The company has ceased to be an associate of Ashok Leyland.
Karnika Industries acquired a 40% stake in Elementa Lifespaces Private Limited for ₹2 Crore to enter the real estate sector.
Transworld Shipping Lines signed a Memorandum of Agreement to sell the vessel M.V. SSL Visakhapatnam for USD 3,080,300.30.
SRM Contractors will convert its Abu Dhabi branch into a wholly owned subsidiary, 'SRM Contractors LLC', with an initial capital investment of AED 100,000 (₹0.26 Crore).
Laurus Labs announced the NCLT has issued an order regarding its Composite Scheme of Arrangement. The court directed notices be served for the upcoming September hearing.
Swelect Energy Systems is acquiring 100% of Dexler Solar Park Phase 1 for ₹0.01 Crore. This acquisition supports the company's expansion into Karnataka's solar power market.
Swelect Energy Systems will acquire 100% of Dexler Solar Park Phase 1 for ₹0.001 Crore. The subsidiary plans a 7.0 MWdc solar power plant.
Scan Projects Ltd shareholders approved the merger with Chanderpur Industries Private Limited. The Court Convened Meeting resulted in the resolution being passed.
SAB Events & Governance approved implementing its NCLT-sanctioned Resolution Plan, including promoter share cancellation and a capital reduction for public shareholders via a 100:5 ratio.
Greenply Industries will merge wholly-owned subsidiary Greenply Holdings Pte. Ltd. into step-down subsidiary Greenply Global Trading Pte. Ltd. This internal restructuring aims to optimize its overseas corporate structure.