Bajel Projects Limited has been awarded a significant order for the supply of goods and services. Below are the key highlights of the contract: Awarding Entity The order has been issued by PowerGrid Corporation of India Limited (POWERGRID) through its project-specific Special Purpose Vehicle (SPV), Rajasthan IV 4A Power Transmission Limited. Nature of the Order…
Dated January 28, 2025, outlines Renaissance Global Limited’s (RGL) strategic minority investment in Jean Dousset Jewelry LLC. Investment Highlights: Details: RGL’s step-down subsidiary, RD2C Ventures Inc., will invest in Jean Dousset Jewelry LLC. Target Company (Jean Dousset): A US-based jewelry company established on December 26, 2013, specializing in bespoke craftsmanship and lab-grown diamond jewelry. Recent…
The Board of Directors of TVS Motor Company Limited (TVSM) has given the green light for the merger of its wholly-owned subsidiary, Sundaram Auto Components Limited (SACL), with TVSM. This strategic move is aimed at simplifying the corporate structure, achieving operational efficiencies, and driving long-term value for stakeholders. Approvals and Documentation The merger is subject…
Dated January 28, 2025, announces DEE Development Engineers Limited’s (DEE) acquisition of a majority stake in Molsieve Designs Limited. The notification aligns with Regulation 30 of the SEBI (LODR) Regulations, 2015. Acquisition Highlights: Details: DEE will acquire 70% of Molsieve, and promoter Mr. Krishan Lalit Bansal will acquire an additional 15%. Target Company (Molsieve): Incorporated…
Sai Life Sciences to Expand R&D Capabilities with New Facility in Hyderabad Sai Life Sciences Limited has announced plans to enhance its R&D capabilities by establishing a new research and development facility in Shamirpet, Hyderabad. Key Highlights of the Expansion Location: The new facility will be situated in Shamirpet, Hyderabad, augmenting the existing Unit II…
Merger of T N S Hotels and Resorts Pvt. Ltd. with Mirza International Ltd.: Key Highlights The document outlines the amalgamation of T N S Hotels and Resorts Private Limited, a wholly-owned subsidiary, with its parent company, Mirza International Limited. The merger was sanctioned by the NCLT Allahabad Bench, Prayagraj, on January 24, 2025. Below…
Summary of the Four PDF Documents 1. ASK Automotive Limited – Acquisition of Additional Stake in AISIN ASK India Private Limited ASK Automotive acquired 1,02,00,000 equity shares of AISIN ASK India Private Limited for Rs. 10.2 crore on January 24, 2025. Total shareholding in AISIN ASK now stands at 1,07,10,000 equity shares (51% of the…
Pondy Oxides and Chemicals Limited (POCL) Unveils India’s First Fully Automated Lead Smelter Plant Pondy Oxides and Chemicals Limited (POCL) has established a state-of-the-art lead smelter plant in Thervoykandigai, Thiruvallur District, Tamil Nadu. This advanced facility, the first of its kind in India, is fully automated and sets a benchmark in the industry. Key Highlights…
Exicom Tele-Systems Secures ₹1,412.48 Crore Order for BharatNet Phase III Project Exicom Tele-Systems Limited has achieved a significant milestone by securing an Advance Purchase Order (APO) from Rail Vikas Nigam Limited (RVNL). This order, valued at ₹1,412.48 crores (inclusive of taxes), underscores Exicom’s pivotal role in enhancing India’s telecom infrastructure as part of the BharatNet…
Gabriel India Limited (GIL) to Acquire Assets from Marelli Motherson Auto Suspension Parts Pvt. Ltd. (MMAS) Gabriel India Limited (GIL) has signed an Asset Purchase Agreement (APA) with Marelli Motherson Auto Suspension Parts Pvt. Ltd. (MMAS), Marelli Europe S.p.A., and Samvardhana Motherson International Limited. Under this agreement, GIL will acquire specific fixed assets and inventory…