Shakti Pumps Invests ₹4 Crore in Wholly Owned Subsidiary SESPL Shakti Pumps (India) Limited (SPIL) has made a strategic investment of ₹4 Crore in its wholly owned subsidiary, Shakti Energy Solutions Private Limited (SESPL). The investment involves the subscription to 4 crore equity shares with a face value of ₹1 each. The equity shares will…
Trident Limited’s Board of Directors has given in-principle approval for the restructuring of its overseas subsidiaries. The restructuring aims to simplify the company’s structure, optimize costs, and support further business growth through several key actions: Sale of Existing Subsidiaries: Trident Limited will sell its shareholdings in Trident Global Inc. (USA) and Trident Europe Limited (UK)…
The International Gemological Institute (IGI) has announced its plans to launch an initial public offering (IPO) on December 13, 2024. The IPO will remain open until December 17, 2024, with listing expected on BSE and NSE on December 20, 2024. The basis of allotment will be finalized by December 18, 2024. Key Highlights of the…
Infosys Limited Announces Strategic Investment in 4baseCare Precision Health Private Limited Infosys Limited is investing in 4baseCare Precision Health Private Limited, a Healthcare and Life Sciences startup at the forefront of Deep Tech innovation. This initiative is part of the Infosys Innovation Fund, designed to foster collaborations with AI and DeepTech startups to create cutting-edge…
Premier Energies Limited to Set Up 1 GW Solar Photovoltaic TOPCon Module Manufacturing Facility Premier Energies Limited, through its wholly-owned subsidiary Premier Energies Global Environment Private Limited, has announced plans to establish a 1 GW Solar Photovoltaic TOPCon Module manufacturing facility in Telangana. Location: The facility will be situated at EMC Maheeshwaram, Telangana, on leased…
CRISIL Limited Approves Rs. 33.25 Crore Investment in Online PSB Loans Limited (OPL) CRISIL Limited’s Board of Directors has approved an investment of ₹33.25 crores in the equity capital of Online PSB Loans Limited (OPL), securing a 4.08% stake on a post-money, fully diluted basis. The investment will be made in cash and is subject…
This response highlights the Su-30 MKI contract signed between the Ministry of Defence and Hindustan Aeronautics Limited (HAL). On December 12, 2024, the Ministry of Defence and HAL finalized a contract for 12 Su-30 MKI aircraft and associated equipment. The contract is valued at approximately ₹13,500 crore, inclusive of taxes and duties. Manufacturing of the…
360 ONE WAM LIMITED (“Company”) is acquiring Maple Infra InvIT Investment Manager Private Limited (“Maple”). Key details of this acquisition are as follows: 360 ONE AAM, a wholly-owned subsidiary of 360 ONE WAM LIMITED, will acquire a 15% stake in Maple for ₹5,04,30,282.75, equivalent to ₹2.25 per share. Maple serves as an investment manager for…
Bikaji Foods to Amalgamate with Vindhyawasini Sales Private Limited Bikaji Foods International Limited (“Bikaji Foods”) has announced its amalgamation with Vindhyawasini Sales Private Limited (“Vindhyawasini Sales”). The merger is being executed under Sections 230 to 232 of the Companies Act, 2013, and its related rules. Key Details of the Amalgamation: Court Approval:The National Company Law…
Bajel Projects Limited Wins EPC Contract for Solapur Substation Bajel Projects Limited has secured a significant contract for the Engineering, Procurement, and Construction (EPC) of a 400/220KV substation in Solapur, Maharashtra. The contract was awarded by Solapur Transmission Limited, a Special Purpose Vehicle (SPV) company under Torrent Power Ltd. Key Highlights of the Contract: Scope…