ITC Limited Acquires Greenacre Holdings in Internal Restructuring Move On November 29, 2024, ITC Limited acquired full ownership of Greenacre Holdings Limited (GHL) by purchasing 4,20,60,166 equity shares from Russell Credit Limited (RCL), a wholly owned subsidiary of ITC. With this transaction, GHL becomes a direct wholly owned subsidiary (WOS) of ITC Limited. Details of…
Macrotech Developers Acquires Janus Logistics and Industrial Parks for Strategic Expansion Macrotech Developers Limited, widely recognized as Lodha, has finalized the acquisition of Janus Logistics and Industrial Parks Private Limited (JLIPPL). Through a Share Purchase Agreement (SPA) executed on November 29, 2024, Lodha acquired a 100% stake in JLIPPL for a cash consideration of ₹47.94…
TVS Motor Company Limited has announced a significant acquisition, increasing its stake in DriveX Mobility Private Limited (“DriveX”) to 87.38%. This follows the signing of a share purchase agreement on November 29, 2024, through which TVS Motor will acquire an additional 39.11% equity stake for ₹97.78 crore. Key Highlights of the Acquisition: DriveX Overview: Established…
The agreement between Lloyds Engineering and FINCANTIERI S.p.A. is a formal arrangement outlining how the two companies will work together. Here’s a breakdown of its key points, explained in simpler terms: 1. Agreement An agreement is a formal understanding between two parties. In this case, Lloyds Engineering and FINCANTIERI S.p.A. have agreed to collaborate on…
BEML restrained, a main public area corporation, has been provided a huge settlement valued at approximately Rs. 3658 Crores. The deal displays BEML’s strategic importance inside the metro rail sector and its functionality to supply complex initiatives. under are the key highlights: Regulatory Disclosure In compliance with regulation 30 of the SEBI (LODR) policies, 2015,…
Surya Roshni Limited, a prominent manufacturer of steel pipes and lighting products, has announced two significant orders totaling ₹14.68 crore (inclusive of GST). Order from Hindustan Petroleum Corporation Limited (HPCL) Product: 8-inch API SL PSL-2, XS2 Grade 3LPE Coated Line Pipes Value: ₹6.01 crore Execution Timeline: 40 weeks Delivery Locations: Jaipur (Rajasthan) and Ranchi (Jharkhand)…
NBCC (India) Limited Work Order for Odisha Primary School Hostel Upgrades NBCC (India) Limited has secured a significant work order worth approximately ₹316 crore from the ST & SC Development, Minorities & Backward Classes Welfare Department of the Government of Odisha. This project focuses on upgrading Primary School Hostels (PSH) under the State Sector Scheme…
Siemens India Q2 FY 2024 Quarterly Review Financial Performance Overview Siemens India has reported a robust performance for the second quarter of the fiscal year 2024 (Q2 FY 2024), showcasing significant growth across key financial metrics. Here’s a comparative analysis of Q2 FY 2024 with Q2 FY 2023 and Q1 FY 2024: Financial Performance…
New Delhi, India – BLS International Services Limited has announced a series of strategic acquisitions to bolster its global footprint. The company is acquiring significant shares in three companies: Beijing Biaoshi Enterprise Consulting Co. Ltd., BLS UK Hotels Limited, and Aadifidelis Solutions Private Limited. These moves are poised to enhance BLS’s capabilities and market presence…
Mumbai, India – Waaree Energies Limited has secured a significant order to supply solar modules, amounting to 600 MWp, to a major Indian customer engaged in renewable energy projects. This milestone contract is set to commence delivery in the fiscal year 2025-2026, promising to significantly enhance Waaree Energies’ market presence and revenue streams. The order,…