Marine Electricals (India) Merger & Restructuring
MEL Shipyard ceased being a wholly-owned subsidiary of Marine Electricals following a 70% stake divestment. The entity has transitioned into an associate company effective June 2026.
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MEL Shipyard ceased being a wholly-owned subsidiary of Marine Electricals following a 70% stake divestment. The entity has transitioned into an associate company effective June 2026.
Jaykay Enterprises invested ₹1.50 Crore in its wholly-owned subsidiary, JK Digital & Advance Systems, through a preference share subscription. The capital strengthens the subsidiary's 3D printing and R&D operations.
Munish Forge Limited will incorporate a new subsidiary, Munish Defence Solutions Limited, with a 74% stake. The Rs.0.15 Crore investment marks its entry into the defense sector.
Orient Ceratech Limited has signed an agreement for the sale of its Thermal Power Station (Power Division). This divestment follows previous announcements regarding the transaction.
Aequs Limited's subsidiary invested ₹4 Crore in step-down subsidiary Koppal Toys Molding COE Private Limited. The capital supports working capital needs with no change in ownership.
KD Green Industries approved a merger with KD Iron & Steel Private Limited to expand business activities. Swap ratios and valuations remain under finalization.
KRN Heat Exchanger approved a ₹235.26 Crore equity investment in its subsidiary, KHPL. The investment utilizes QIP proceeds to fund working capital requirements for HVAC product manufacturing.
GMR Power and Urban Infra is selling its stake in Portus Ventures to Adani Airport City for ₹36,400. The transaction marks an exit from the joint venture.
Dixon Technologies signed a binding term sheet with Gemtek for a 60:40 joint venture. The partnership focuses on manufacturing optical transceivers and telecom products in India.
Trident Lifeline Limited's stake in subsidiary Trident Mediquip Limited diluted from 59.17% to 58.84%. The change follows the subsidiary's private placement of shares to other investors.
Carysil Limited dissolved its UK-based step-down subsidiary, Carysil Brassware Limited, via voluntary strike-off. The entity had nil financial contribution, resulting in no material impact.
Tanvi Foods incorporated new subsidiaries in the USA and United Kingdom to expand its global brand reach. Both entities will facilitate direct marketing and distribution in overseas markets.
Wipro Limited issued its Letter of Offer for a ₹15000.00 Crore equity share buyback. Shareholders can tender shares at ₹250 each from June 11 to June 17.
GMR Power and Urban Infra is divesting its entire 26% stake in PVPL to Adani Airport City Limited for ₹0.00 Crore. PVPL will cease to be a joint venture.
Motilal Oswal Financial Services incorporated a new pension fund management subsidiary with a ₹65 Crore investment. The entity will manage PFRDA-regulated pension schemes.
Persistent Systems approved transferring 100% of its UK subsidiary to Aepona Group Limited. This internal restructuring aims to improve group operational efficiency and entity rationalisation.
Motilal Oswal Financial Services incorporated a new step-down subsidiary, Motilal Oswal Pension Fund Management Limited. The entity will manage pension fund schemes regulated by PFRDA.
Avenue Supermarts Limited invested ₹150 Crore in its subsidiary, Avenue E-Commerce Limited, via equity subscription. The capital will fund operational requirements and expansion for 'DMart Ready'.
Avenue Supermarts invested ₹149.99 Crore in its subsidiary, Avenue E-Commerce Limited. The capital will fund DMart Ready's operational and expansion requirements.
Euro Panel Products approved the incorporation of a new majority-owned Indian subsidiary. This expansion aligns with long-term growth plans and awaits Registrar of Companies approval.
Deccan Transcon Leasing approved selling its 47.5% stake in King Star Freight Private Limited for ₹6.15 Crore. The transaction marks the cessation of this associate relationship.
KCK Industries approved the incorporation of a new subsidiary in Dubai, UAE. This strategic move aims to expand the company's business operations in international markets.
Amber Enterprises, through its subsidiary IL JIN, incorporated a ₹1 Crore joint venture named ILJIN Technologies. The move targets higher-value medical, defense, and aerospace electronics segments.
Future Consumer's subsidiaries, Aadhaar Retailing and Nilgiri Dairy, will each incorporate new wholly owned subsidiaries. This expansion aims to strengthen the group's retail and dairy footprints.
Suraj Industries' stake in Shri Gang Industries revised to 18.83% following fresh equity allotments by the latter. The change results from warrant and CCPS conversions.
MOIL Limited incorporated a mining joint venture with Madhya Pradesh State Mining Corporation. MOIL holds a 51% controlling stake in the new ₹0.10 Crore entity.
Alembic Pharmaceuticals executed a Shareholders' Agreement to acquire a 45% stake in a new Canadian corporation. The venture focuses on pharmaceutical commercialization in Canada.
Avro India approved the sale of plant and machinery to its wholly-owned subsidiary, Avro Recycling Limited. The intra-group transfer remains subject to shareholder approval.
NIIT Learning Systems announced a CAD 5.06 million (₹34.40 Crore) capital reduction in its Canadian step-down subsidiary. The restructuring returns excess cash to the Irish parent entity.
Welspun Living announced a ₹252 Crore share buyback via tender offer at ₹175 per share. The offer opens May 29 and closes June 4, 2026.