HCL Technologies Merger & Restructuring Worth ₹1,427 Cr
HCLTech completed a ₹1,427.25 crore investment in Axonwise Private Limited. This transaction secures a 10.46% stake in Sarvam AI.
- Value
- ₹1,427 Cr
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HCLTech completed a ₹1,427.25 crore investment in Axonwise Private Limited. This transaction secures a 10.46% stake in Sarvam AI.
Thermax Limited incorporated a wholly owned step-down subsidiary in Dubai. The new entity focuses on on-site project maintenance and management services.
Smartworks' subsidiary acquires Singapore-based WorkStudio Spaces for Rs 18.03 Crore. The deal expands its flex space portfolio to 76,000 sq. ft. across four centres.
Aurobindo Pharma completed the acquisition of a 26% stake in Swarnaaskshu Solar Power for Rs.0.52 Crore. The deal secures solar power under Telangana's captive policy.
LMW Ltd completed the acquisition of additional shares in LMW Holding Limited. The company retains 100% ownership of the subsidiary.
Astral Limited approved a restructuring scheme involving a chemicals business demerger and the amalgamation of its subsidiary, Al-Aziz Plastics. The reorganisation aims to enhance operational efficiencies.
Astral approved demerging its ₹1,266.3 Crore Chemicals Business into Astral Chemie Limited. Shareholders will receive one share of the resulting entity for every one share held.
Adani Power incorporated a step-down subsidiary, Progressive-UP Atomic Energy Limited. The new entity focuses on nuclear energy generation and distribution.
RPSG Ventures approved the merger of Woodlands Multispeciality Hospital Limited. The consolidation aims to bring healthcare operations under the listed platform via an OCRPS share swap.
RPSG Ventures approved a slump sale of its Hospital & Nursing division for Rs. 400 Crore. The transaction involves transfer to a wholly owned subsidiary.
Haldyn Glass is acquiring an additional stake in Jamnagar Renewables Two Private Limited for ₹1.44 Crore. The deal focuses on renewable energy captive generation.
Austere Systems Ltd incorporated a subsidiary, Austere Next Private Limited, on June 25, 2026. The entity will focus on software development and SaaS.
CIE Hosur Limited sold its 27.89% stake in Ojha Renewables to CSE Development. The transaction value is ₹1.62 Crore.
Rose Merc Ltd acquired a 30.01% stake in Virtual Gain Technologies. This strategic investment expands its presence in the fintech and digital services sector.
Astral Ltd approved a composite scheme for the demerger of its chemicals business and amalgamation of Al-Aziz Plastics. The restructuring is subject to regulatory approvals.
Isgec Heavy Engineering completed the sale of equity shares in Isgec SFW Boilers for ₹4 crore. The JV is now an associate company.
Aurobindo Pharma acquired a 26% stake in Swarnaakshu Solar Power. The investment is valued at Rs.10.40 Crore.
RPSG Ventures approved acquiring Clarionix Healthcare for ₹0.01 Crore. It also approved a composite scheme for the amalgamation of Woodlands Multispeciality Hospital Limited.
Godrej Industries invested approximately ₹370 Crore to acquire further equity shares in its subsidiary, Godrej Investment Limited. The subsidiary remains a wholly owned entity.
Gamco Ltd completed the acquisition of a 7.83% stake in Blissara Resorts Private Limited. The total consideration paid was ₹0.51 Crore.
Smartworks is acquiring WorkStudio Spaces Pte. Ltd. in Singapore. This expansion grows its Singapore footprint to approximately 76,000 sq. ft.
Accelya Solutions India will strike off its UK subsidiary, ASUK, to simplify group structure. The process is expected to complete by September 30, 2026.
Jindal Stainless approved restoring the original governance framework for PT Glory Metal Indonesia. Consequently, the entity will transition from a subsidiary to an associate effective July 2026.
Bharat Forge completed the acquisition of a 90% stake in RS Aerostructures for Rs.3.6 Crore. This transaction finalizes the agreement initially announced in April 2026.
L&T PDL completed the divestment of Nabha Power Limited to Torrent Power. The transaction yielded a consideration of ₹3,632.35 crore.
Vibhor Steel Tubes incorporated a wholly owned subsidiary, Viyom Steel Infra Private Limited. The company invested ₹0.1 Crore into the new entity.
Divgi Torqtransfer incorporated a US-based wholly-owned subsidiary, Divgi Transmission Technologies And Systems Inc. The investment for set-up costs is capped at Rs. 3 crore.
Divgi TorqTransfer Systems incorporated a wholly-owned subsidiary, Divgi Transmission Technologies and Systems Inc, in Delaware, USA. The new entity will operate in the automotive industry.
Swati Projects invested ₹1 Crore in its wholly owned subsidiary, Radhashree Roadsters Private Limited. Funds will support business operations and debt repayment.
Grovy India acquired a premium luxury residential project in Gulmohar Park, New Delhi. The project features a development area of 20,000 sq. ft.