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,…
W.S. Industries (India) Limited Secures Major Construction Contract for Tiruchirappalli’s Integrated Bus Terminal and Utility Facility Center Chennai, India – January 9, 2025 – W.S. Industries (India) Limited (WSI), a prominent name in India’s construction sector, has been awarded a significant contract for additional and balance works at the Integrated Bus Terminal and Multi-Utility Facility…
Power Grid Corporation of India Limited (POWERGRID) Acquires Rajasthan IV 4A Power Transmission Limited (RIV4APTL) POWERGRID acquired 100% shareholding in Rajasthan IV 4A Power Transmission Limited (RIV4APTL) on December 30, 2024, for approximately Rs. 18.37 crore. The acquisition was made through the Tariff Based Competitive Bidding (TBCB) process, where POWERGRID emerged as the successful bidder….
Prestige Estates Projects Limited Announces Strategic Investments and Restructuring Prestige Estates Projects Limited (“the Company”) disclosed three investments and divestments in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. These disclosures were submitted to the National Stock Exchange of India Limited and BSE Limited…
Reliance Digital Health Expands Footprint with Strategic Investment in Health Alliance Group Reliance Digital Health Limited (RDHL), a wholly owned subsidiary of Reliance Industries Limited (RIL), has made a strategic investment in Health Alliance Group Inc., acquiring a 45% equity stake for USD 10 million. This move signifies RDHL’s commitment to expanding its presence in…
Mahindra and Mahindra Limited (M&M) has provided an update to stock exchanges regarding British International Investment Plc’s (BII) investment in Mahindra Electric Automobile Limited (MEAL). Originally, BII committed to investing ₹725 crores in MEAL. However, after a joint assessment of MEAL’s funding needs, M&M and BII have agreed to revise the final tranche to ₹650…
Websol Energy System Limited, based in Kolkata, India, operates its manufacturing plant in the Falta Special Economic Zone, West Bengal. The company is publicly listed on the National Stock Exchange (NSE) under the code WEBELSOLAR and the Bombay Stock Exchange (BSE) under the code 517498. The company is undertaking a significant capacity expansion project at…
Marine Electricals (India) Limited has secured an export order valued at USD 10,07,009 (approximately INR 8.56 crores) from Société Minière de DASA SA (SOMIDA), based in Niger, West Africa. The order involves the supply of HT panels, with delivery scheduled over a span of nine months. The company confirms that there is no conflict of…
JBM Ecolife Mobility Private Limited, a subsidiary of JBM Auto Limited, has secured contracts to procure, operate, and maintain 343 electric buses. These buses will serve the Ahmedabad BRTS and Ahmedabad Municipal Transport Service under a Gross Cost Contract (GCC). The contracts, awarded by Ahmedabad Janmarg Limited and other prominent organizations, are valued at approximately…