Strides Pharma Science announced that the demerger scheme between Arco Lab and Pivot Path became effective on June 1, 2026. This follows final NCLT and ROC approvals.
Carysil Limited announced the voluntary strike-off of its wholly owned subsidiary, Carysil Ceramictech Limited, effective June 01, 2026. The non-operational entity had no financial contribution.
SEBI has approved SSGA's investment in Groww Asset Management Limited. SSGA will hold 4.85% voting rights and a 22.94% economic interest in the subsidiary.
Triveni Engineering announced the suspension of trading in SSEL shares effective June 4, 2026. This follows the Record Date for a NCLT-approved Composite Scheme of Arrangement.
UPL Limited's step-down subsidiary Advanta Seed International acquired 100% of newly incorporated Advanta Investment Limited. The Cayman Islands-based entity will focus on technology and IP seeds ventures.
Indian Energy Exchange Merger & Restructuring Worth ₹100 Cr
Indian Energy Exchange incorporated a wholly-owned subsidiary, Indian Coal Exchange Limited, with ₹100 Crore authorized capital. The new entity will operate an online coal trading platform.
Siemens Limited completed the sale of its Low Voltage Motors business to Innomotics India for ₹2,200 Crore. The slump sale divestment focuses operations on core technology segments.
REC Limited completed the sale of its subsidiary, Mekhali Power Transmission Limited, to Dilip Buildcon Limited for ₹8.06 Crore. The cash transaction finalized on May 30, 2026.
REC Limited sold its subsidiary, Hampapura Power Transmission Limited, to Resonia Limited for ₹8.61 Crore. The cash transaction involves a non-related party and was executed at arm's length.
REC Limited's subsidiary transferred two project-specific SPVs to successful bidders for ₹16.67 Crore. These entities are no longer subsidiaries of the company.
Kotak Mahindra Bank Merger & Restructuring Worth ₹10,639 Cr
Kotak Mahindra Bank approved acquiring a ₹10,639 Crore loan portfolio from its subsidiary, KMIL. This internal restructuring aims to drive operational synergies and group simplification.
Deepak Nitrite's subsidiary Deepak Phenolics invested ₹120 Crore in Deepak Chem Tech via preference shares. The capital infusion will fund project expenses and strengthen the subsidiary's capital base.
Indo National Limited invested ₹1.00 Crore to acquire an additional 1.68% stake in its subsidiary MMSPL. Total shareholding increased to 59.16% to support business expansion.
KNR Constructions completed the sale of its subsidiary KNR Palani Infra to Indus Infra Trust for ₹205.05 Crore. The transaction unlocks significant capital for the company.
Archean Chemical Industries Merger & Restructuring Worth ₹170 Cr
Archean Chemical Industries will invest ₹170 Crore in its wholly-owned subsidiary, Acume Chemicals. The investment supports capital base strengthening and future business expansion.
Mahindra & Mahindra incorporated a 50:50 life insurance joint venture with Manulife Holdings. The company invested ₹0.50 Crore for its initial stake in the new entity.
Earkart Limited approved the incorporation of two wholly-owned subsidiaries for pharmaceuticals and healthcare services. The company will invest ₹0.02 Crore across both entities to expand operations.
Gujarat Themis Biosyn incorporated a wholly owned pharmaceutical subsidiary in Ireland with €1,00,000 capital. The move marks an international expansion into European markets.
Lumax Auto Technologies Merger & Restructuring Worth ₹3 Cr
Lumax Auto Technologies will infuse ₹3 Crore into its subsidiary, Lumax Yokowo Technologies. The capital supports capex for new automotive antenna and communication projects.
Glenmark Pharmaceuticals approved transferring its Nebulizer portfolio to its subsidiary for ₹223 Crore. The restructuring aims to enhance strategic focus and respiratory innovation leadership.
South West Pinnacle Exploration Merger & Restructuring
South West Pinnacle Exploration executed a Shareholders' Agreement for its 17.5% Omani JV, Al Hadeetha Mining LLC. The agreement establishes governance for mining activities in Oman.
Kesar India Limited incorporated Triinfinity Realty LLP to develop real estate projects. The company will hold a 33.33% stake with a small initial capital contribution.
Committed Cargo Care Limited executed a Shareholders' Agreement for its 51% owned subsidiary, Committed Cargo Solutions. The agreement establishes governance, management rights, and operational frameworks.
Transworld Shipping Lines Limited signed an agreement to sell its vessel 'M.V. SSL Thamirabarani' for ₹54.15 Crore. The sale to Avana Logistek Limited monetises existing assets.
Power Finance Corporation Merger & Restructuring Worth ₹15.46 Cr
Power Finance Corporation transferred its subsidiary, Tumkur II RE Transmission Limited, to Power Grid Corporation of India for ₹15.46 Crore. The successful divestment followed a bidding process.
Power Finance Corporation Merger & Restructuring Worth ₹20.94 Cr
Power Finance Corporation transferred its subsidiary Kurnool IV REZ Power Transmission to Resonia Limited. The transaction realized ₹20.94 Crore following a successful bidding process.
Sanstar Limited executed a Shareholders' Agreement to acquire a 30% stake in Spark Ingredients Private Limited. This joint venture with Ingredion focuses on ingredient manufacturing operations.