Texmaco Rail & Engineering Merger & Restructuring
Texmaco Rail inducted Trinity Rail Global Inc as a new JV partner in its leasing venture. The company's shareholding will dilute from 50% to 34%.
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Texmaco Rail inducted Trinity Rail Global Inc as a new JV partner in its leasing venture. The company's shareholding will dilute from 50% to 34%.
Cambridge Technology Enterprises' wholly owned subsidiary, N2T1 AI Solutions Private Limited, has been struck off and dissolved by the MCA. This completes the board-approved exit.
Pine Labs Limited's subsidiary, Mopay Services Private Limited, has been officially struck off and dissolved. This voluntary liquidation streamlines the corporate structure without financial impact.
Aryaman Financial Services invested ₹0.80 Crore in its wholly-owned subsidiary, Aryaman Finance (India) Limited. The capital infusion through a rights issue supports business expansion.
Transworld Shipping Lines completed the sale and delivery of vessel M.V. SSL Godavari to Avana Logistek Limited. This asset disposal streamlines the company's maritime fleet operations.
Kalpataru Ltd has withdrawn its Scheme of Arrangement for the demerger of Project Magnus. The decision follows management's assessment that the envisaged benefits are no longer relevant.
Nutricircle Limited incorporated a new wholly owned subsidiary, Nutricircle Europe ApS, in Denmark for ₹0.03 Crore. The entity will focus on marketing plant-based proteins and ingredients.
Manas Polymers and Energies approved the incorporation of a wholly owned subsidiary in Dubai, UAE. This strategic move aims to facilitate international business expansion and strengthen overseas presence.
Delhivery Limited incorporated a wholly-owned subsidiary, Delhivery Fintech Distribution Private Limited, for ₹1 Crore. The unit will provide financial services like insurance and payments across its logistics network.
Delhivery Limited incorporated a new wholly owned subsidiary, Delhivery Fintech Distribution Private Limited, on June 2, 2026. This move likely supports the company's fintech-related service expansion.
Dhanuka Agritech approved a ₹70 Crore equity share buyback via tender offer at ₹1,400 per share. The offer remains open from June 4 to June 10, 2026.
Envair Electrodyne announced the divestment of its 19.33% stake in Alliance Asia Pac Pte. Ltd. for ₹2.12 Crore. The promoters will acquire the stake to optimize the company's portfolio.
Jagsonpal Pharmaceuticals extinguished 16,00,000 equity shares following a successful buyback via tender offer. The post-buyback paid-up capital now stands at Rs. 13.11 Crore.
United Foodbrands Limited's subsidiaries, Blue Planet Foods and Red Apple Kitchen, received NCLT approval for their amalgamation. The scheme consolidates subsidiary operations effective from April 2024.
PFC Projects Limited, a wholly-owned subsidiary of Power Finance Corporation, has been struck off and dissolved by the RoC. The closure follows a lack of future business opportunities.
Paytm completed a ₹99.73 Crore equity investment into its subsidiary, Paytm Europe Payments S.A. The capital infusion supports European operations through its intermediate holding entity.
Royal Orchid Hotels completed the sale of its subsidiary, Multi Hotels Limited, for ₹32.42 Crore (USD 3.41 million). The subsidiary ceased to exist effective June 2, 2026.
Rose Merc executed a Shareholders Agreement for its 30.01% stake in Virtual Gain Technologies. The ₹1.00 Crore investment includes rights to appoint majority directors.
Omaxe Limited's wholly-owned subsidiary, Rohtas Holding (Gulf) Limited, has been de-registered in Dubai due to non-operation. The closure will not materially impact the company's financial position.
Fabtech Technologies is incorporating a new joint venture, Specialized Contracting Activities LLC, in Saudi Arabia. Its subsidiary will hold a 51% majority stake in the entity.
Rama Steel Tubes approved the strike-off of its wholly owned subsidiary, Rama Defence Private Limited. The non-operational entity's closure will not impact company revenue or business.
Prozone Realty Limited's subsidiary is transferring land assets to another wholly owned group subsidiary for ₹44 Crore. The internal restructuring maintains existing group control.
Bonlon Industries is selling its subsidiary SHV Industries to promoters for ₹0.10 Crore. The cash transaction simplifies corporate structure and is expected to complete by June 2026.
Prozone Realty Limited's subsidiary is transferring land assets to another 100% owned group entity for ₹13 Crore. The internal restructuring maintains ultimate beneficial ownership while streamlining assets.
Prozone Realty is selling its subsidiary Kruti Realtors to Inorbit Malls for ₹1,242.50 Crore. The cash-based divestment aims to unlock value through a shareholder-approved hiving-off process.
Mahindra & Mahindra incorporated a 50:50 life insurance joint venture with Manulife Holdings. The new entity has a Rs. 1 Crore paid-up capital base.
Asian Granito India is transferring its 26% stake in two associate entities to a wholly-owned subsidiary for ₹0.07 Crore. This internal restructuring consolidates group holdings.
NDL Ventures filed an NCLT petition for the merger of Hinduja Leyland Finance Limited into itself. The scheme remains subject to regulatory approvals and NCLT sanctions.
Invicta Diagnostic Limited incorporated a new step-down subsidiary, Porteus Pathogenius LLP, with ₹0.01 Crore capital. The entity will expand the group's diagnostics and pathology service footprint.
Urban Company Limited has completed the voluntary dissolution of its Saudi Arabian step-down subsidiary, UC KSA. The commercial registration cancellation marks the entity's formal exit from the group.