RITES Limited Secures Major International Highway Project in Guyana RITES Limited has won a significant international contract from the Ministry of Public Works, Government of the Co-operative Republic of Guyana. The project involves providing engineering services for the design, build, and finance of the Palmyra to Moleson Creek Highway (Lot 1-3). Read also : Piramal…
Piramal Enterprises Infuses ₹1,000 Crore into Subsidiary to Drive Growth Piramal Enterprises Limited (PEL) has invested ₹1,000 crore in its wholly owned subsidiary, Piramal Capital & Housing Finance Limited (PCHFL). This strategic infusion, executed through a rights issue, aims to strengthen PCHFL’s business operations and support its corporate objectives. Despite the capital injection, PEL’s shareholding…
GTPL Hathway Limited to Acquire Remaining Stake in GTPL Vision Services GTPL Hathway Limited (GTPL) is set to acquire the remaining 49% stake in GTPL Vision Services Private Limited (GTPL Vision) for a cash consideration of ₹11.31 crore. This acquisition will make GTPL Vision a wholly-owned subsidiary of GTPL. Key Details of the Acquisition: Agreement…
Reliance Industries Limited (RIL), based in Mumbai, India, announced on December 31, 2024, that Viacom18 Media Private Limited (“Viacom18”) has become its subsidiary. This change follows the conversion of 24,61,33,682 compulsorily convertible preference shares (CCPS) into equity shares on December 30, 2024. Before the conversion, Reliance held 70.49% of Viacom18 on a fully diluted basis,…