MERGERS & ACQUISITIONS
Tanla Platforms Limited has announced the approval of a Scheme of Arrangement for the merger of its step-down subsidiary, Gamooga Softtech Private Limited, with its wholly owned subsidiary, Karix Mobile Private Limited. The Boards of Directors of both Karix and Gamooga approved the merger on April 24, 2025. Key Details of the Merger: Entities Involved:…
On April 23, 2025, Rane (Madras) Limited (RML), a subsidiary of Rane Holdings Limited, allotted 59,58,439 equity shares of ₹10 each pursuant to the approved Scheme of Amalgamation involving Rane Engine Valve Limited and Rane Brake Lining Limited merging into RML. Following this allotment, Rane Holdings’ stake in RML stands at 1,76,31,213 equity shares, representing…
On April 23, 2025, Piramal Healthcare Inc. (PHI), a material step-down wholly owned subsidiary of Piramal Pharma Limited (PPL), entered into a Stock Subscription Agreement and Loan Conversion Agreement to subscribe to 1,903 optionally convertible redeemable preference shares (OCRPS) of PPL Pharma Inc., another step-down wholly owned subsidiary of PPL. Each OCRPS has a face…
JK Paper Limited has successfully acquired a majority stake in Quadragen Vethealth Private Limited (QVPL), marking a strategic diversification into the specialty animal health and nutrition sector. 🔹 Acquisition Overview Stake Acquired: 62.14% of QVPL’s equity shares, totaling 3,728,400 shares. Acquisition Date: April 22, 2025. Remaining Stake: An additional 2.86% (171,600 shares) is expected to…
360 ONE WAM Limited (formerly IIFL Wealth Management) has announced significant strategic initiatives aimed at expanding its wealth management services and strengthening its market position. 🔹 Strategic Collaboration with UBS AG On April 22, 2025, 360 ONE WAM Limited’s Board approved an exclusive strategic collaboration with UBS AG to enhance wealth management solutions for both…
National Fertilizers Limited (NFL), a Government of India undertaking, has announced its decision to enter into a Joint Venture (JV) to establish a new Ammonia-Urea complex, Namrup-IV, in Namrup, Assam. This initiative aligns with the Union Cabinet’s decision dated March 19, 2025, and aims to enhance fertilizer production capacity in the region. Key Details: JV…
On April 10, 2025, Reliance Industries Limited (RIL) announced that its step-down wholly owned subsidiary, Nauyaan Tradings Private Limited (NTPL), has entered into a share purchase agreement with Welspun Corp Limited (WCL) to acquire an additional 10% equity stake in Nauyaan Shipyard Private Limited (NSPL). This acquisition, valued at ₹51.72 crore, is subject to adjustments…
On April 10, 2025, Sundaram Finance Holdings Limited (SFHL) announced its decision to acquire a 24.16% equity stake in Axles India Limited from Dana Global Products Inc. for approximately ₹182.68 crore. This acquisition will increase SFHL’s stake in Axles India to 62.98%, making it a subsidiary of SFHL. The transaction is expected to be completed…
On April 8, 2025, Sasken Technologies Limited announced the completion of its acquisition of BORQS International Holding Corp. and its identified wholly owned subsidiaries. The acquisition was executed through Sasken Design Solutions Pte. Ltd., a wholly owned subsidiary based in Singapore. The total consideration for the acquisition, including potential earn-outs, is up to US$40 million…