Union Bank of India Merger & Restructuring Worth ₹22.64 Cr
Union Bank invested ₹22.64 Crore in its joint venture ASREC (I) Ltd. This increases the Bank's stake from 26.02% to 27.30%, strengthening its position.
- Value
- ₹22.64 Cr
ALFA Filings
Every announcement, straight from the exchange
Every merger & restructuring announcement on NSE and BSE that our alert engine sent, newest first.
Time
2,982 announcements
Union Bank invested ₹22.64 Crore in its joint venture ASREC (I) Ltd. This increases the Bank's stake from 26.02% to 27.30%, strengthening its position.
Choice International's step-down subsidiaries, CWPL and ACSPL, received NCLT approval for their merger. The consolidation aims to drive operational synergies without changing the parent company's shareholding.
Standard Engineering Technology Limited incorporated a new subsidiary, Standard Projects Private Limited, on May 12, 2026. The entity focuses on high-precision engineering and construction.
Emrock Corporation approved incorporating a new pharmaceutical LLP with a 50.50% stake. This strategic move marks its entry into healthcare and distribution sectors.
ACME Solar incorporated a new wholly owned subsidiary for ₹0.01 Crore. The entity will develop renewable energy projects, expanding the company's power generation footprint.
Race Eco Chain Ltd subsidiary invested ₹2.00 Crore into step-down subsidiary GEM Polymers. This investment acquires a 49% stake to expand recycling operations.
Prodocs Solutions revised its ₹28.5 Crore investment timeline for US subsidiaries to March 2027. Delays stem from significant US Dollar exchange rate volatility against the Rupee.
IIFL Capital Services incorporated a wholly owned subsidiary in GIFT City with ₹10 Crore authorised capital. The entity will operate as a broker-dealer and distributor.
Filatex India invested ₹10.00 Crore in its wholly-owned subsidiary, Ecosis Limited. The capital will fund a polyester textiles recycling project and debt repayment.
Garware Technical Fibres announced a ₹110 Crore share buyback via tender offer at ₹680 per share. The record date is May 20, 2026, to return surplus capital.
Onward Technologies approved a ₹18 Crore share buyback at ₹328 per share. The tender offer involves 5,48,780 shares, representing 2.41% of paid-up capital.
Coal India's wholly owned subsidiary, CIL Solar PV Limited, has been dissolved and struck off from the Register of Companies. The administrative closure simplifies the group structure.
De Neers Tools Limited signed a joint venture agreement to incorporate DNSJV Private Limited. The new entity will manufacture and market tools, bits, and allied products.
Fractal Analytics is merging Senseforth Inc. and liquidating Fractal Frontiers Inc. to streamline operations. These internal restructurings aim to improve efficiency without impacting business.
ACME Solar incorporated a new wholly owned subsidiary, ACME Greentech Twenty One Private Limited, for ₹0.01 Crore. The entity will focus on renewable energy projects.
PPAP Automotive is selling its ₹22.50 Crore Tooling Division to its subsidiary via a slump sale. This internal restructuring aims to optimize business operations.
Vilas Transcore Limited will form a new joint venture for High Voltage Bushings manufacturing. The company will initially hold a 25% equity stake.
BlackBuck Limited's non-material subsidiary ZZLSPL was struck off by the Ministry of Corporate Affairs. The entity had no business operations and ceased existence effective May 11, 2026.
Clean Max Enviro Energy Solutions completed the sale of Clean Max Sapphire Private Limited shares. This divestment to Clean Max Taurus optimizes its subsidiary portfolio.
BLS International completed the closure of its wholly-owned subsidiary, Reired BLS, effective May 11, 2026. This administrative strike-off streamlines the company's corporate structure.
Kovai Medical Center will sell its AHS courses division for ₹0.85 Crore to Dr NGP Research Trust. This strategic divestment streamlines core medical operations.
Garware Technical Fibres approved a ₹110 Crore equity share buyback at ₹680 per share. The tender offer represents 1.63% of paid-up capital, benefiting eligible shareholders.
Persistent Systems received NCLT approval for the merger of its wholly-owned subsidiary, Arrka Infosec. The consolidation aims to simplify corporate structure and achieve operational synergies.
Sarla Performance Fibers approved a ₹44 Crore share buyback at ₹110 per share. The tender offer represents 4.79% of paid-up equity capital.
ACME Solar Holdings incorporated four wholly owned subsidiaries for renewable power projects. The ₹0.04 Crore cash investment marks a strategic expansion into green energy generation.
Concord Control Systems completed the amalgamation of its subsidiary, Advanced Rail Controls. The entity ceased to exist effective May 09, 2026, streamlining the company structure.
CDSL subsidiary CIRL received its first tranche of equity shares from RIX Systems. This follows prior regulatory approval for the strategic investment.
Welspun Enterprises incorporated a new subsidiary for a Maharashtra highway project. The company invested ₹0.01 Crore to establish the entity for project execution.
Welspun Enterprises incorporated a new wholly-owned subsidiary, Welspun Pune Shirur Projects Limited, for ₹0.01 Crore. The entity will execute a highway corridor project in Maharashtra.
Divine Hira Jewellers incorporated a new subsidiary, Taaris Jewels Limited, with a ₹1 Crore investment. The entity will focus on B2B and B2C silver jewellery trading.