December 2024

Tech Mahindra to Merge Four Wholly-Owned Subsidiaries Tech Mahindra Limited has announced the merger of its four wholly-owned subsidiaries: Perigord Premedia (India) Private Limited (“PPIPL”), Perigord Data Solutions (India) Private Limited (“PDSIPL”), Tech Mahindra Cerium Private Limited (“TMCPL”), and Thirdware Solution Limited (“TSL”). Key Developments On October 25, 2023, Tech Mahindra’s Board of Directors approved…

Amalgamation of SGS Infosystems, SGS Tekniks, and Syrma SGS Technology Limited Syrma SGS Technology Limited has announced the approval of its amalgamation scheme with SGS Infosystems Private Limited (“Transferor Company No. 1”) and SGS Tekniks Manufacturing Private Limited (“Transferor Company No. 2”). The National Company Law Tribunal (NCLT), Mumbai, issued its order on December 4,…

UFLEX Limited Acquires Additional Stake in Amplus Phoenix Energy Private Limited UFLEX Limited is set to increase its equity stake in Amplus Phoenix Energy Private Limited (“Amplus Phoenix”). Incorporated in 2021 in India, Amplus Phoenix focuses on the establishment, generation, and distribution of solar power. Although the company has not yet generated turnover from its…

Indian Metals & Ferro Alloys Limited (IMFA) signed a binding term sheet with JSW Green Energy One Ltd. (Solar) and JSW Green Energy Seven Ltd. (Wind) on December 17, 2024. The agreement secures a supply of 70 MW of hybrid renewable power, combining 50 MW AC solar capacity and 100 MW wind capacity, under a…