Prestige Estates Projects Limited has made two major acquisitions, increasing its equity stakes in its subsidiary companies. Acquisition of Prestige Falcon Mumbai Realty Private Limited: Prestige Estates Projects Limited has acquired an additional 39% equity stake in its subsidiary, Prestige Falcon Mumbai Realty Private Limited. This acquisition raises the company’s total stake in Prestige Falcon…
Indus Towers Limited has entered into an agreement to acquire a 26% stake in Amplus Tungabhadra Private Limited. Below are the key details of the transaction: Target Company: Amplus Tungabhadra Private Limited. Sector: Amplus Tungabhadra operates in the renewable energy sector. Acquisition Objective: The acquisition aims to secure 50 MW of renewable energy from a…
Mahanagar Gas Limited (MGL) has successfully acquired a 44% stake in International Battery Company India Private Limited (IBC India) as part of its strategic expansion. Below are the key details of the acquisition: Acquisition Details: Target Company: IBC India, engaged in manufacturing, promoting, marketing, distributing, and selling battery cells. Industry: Battery cell manufacturing. Authorized Share…
Paytm Cloud Technologies Limited (PCTL), a wholly-owned subsidiary of One 97 Communications Limited (Paytm), has announced an investment to acquire a 25% stake in Seven Technology LLC for USD 1 million (approximately INR 8.70 crore). Seven Technology LLC is the parent company of Dinie Correspondente Bancário e Meios de Pagamento Ltda. (“Dinie”), a Brazil-based API-driven…
TVS Holdings Limited has successfully acquired an 80.74% equity stake in Home Credit India Finance Private Limited (HCIFPL), finalizing the transaction on February 3, 2025. Key Highlights of the Acquisition: Stake Acquired: TVS Holdings now owns 80.74% of HCIFPL, while the remaining 19.26% was acquired by Premji Invest and other associates of TVS Holdings. Transaction…
TVS Motor Company Limited, via its subsidiary TVS Motor (Singapore) Pte Ltd, has made an additional investment in Killwatt GmbH. This follows previous disclosures on February 26, 2024, February 29, 2024, and March 20, 2024, regarding the acquisition of a 9.72% stake in Killwatt GmbH for EUR 4 million. Key Highlights of the Investment Update:…
Vinati Organics Limited is expanding its presence in the United States by establishing a Wholly Owned Subsidiary (WOS). This move aims to support the manufacturing and sale of its products in the U.S. while also exploring future business opportunities in the region. Key Highlights of the U.S. Expansion: Purpose: The WOS will oversee the manufacturing…
The budget speech introduces several initiatives that indirectly support the Artificial Intelligence (AI) sector, though it does not outline a dedicated AI policy. Here’s a breakdown of the key provisions: Key AI-Related Initiatives Centre of Excellence in AI for Education: A ₹500 crore allocation will fund a Centre of Excellence in AI for education, aimed…
The budget speech introduces several income tax reforms aimed at relieving the middle class, simplifying procedures, and encouraging voluntary compliance. Below are the key highlights: Personal Income Tax Reforms A new income tax regime with revised slabs and lower tax rates to reduce the burden on the middle class. No income tax on income up…
The budget speech details a range of initiatives and financial support aimed at key sectors of the Indian economy, with a strong focus on agriculture, MSMEs, and infrastructure development—identified as the “four engines” of growth. Various industries will benefit from targeted programs and dedicated financial allocations to drive economic progress. Agriculture and Allied Sectors Agriculture…