MERGERS & ACQUISITIONS
Shakti Pumps (India) Limited (SPIL) is set to invest ₹3.8 crores in its wholly owned subsidiary, Shakti Energy Solutions Private Limited (SESPL). This investment aims to support SESPL’s business expansion and will be made through the issuance of equity shares in a phased manner, as per the agreed terms. The acquisition does not require any…
Godawari Power & Ispat Limited (GPIL) Secures 51% Stake in Jammu Pigments Limited (JPL) Godawari Power & Ispat Limited (GPIL) has acquired a controlling 51% stake in Jammu Pigments Limited (JPL), a leading entity in the non-ferrous metal recycling sector. Finalized on January 1, 2025, this acquisition underscores GPIL’s strategic intent to diversify its operations…
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,…
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…
Tech Mahindra to Merge Four Wholly-Owned Subsidiaries Tech Mahindra Limited has announced the merger of its four wholly-owned subsidiaries: Perigord Premedia (India) Private Limited (“PPIPL”), Perigord Data Solutions (India) Private Limited (“PDSIPL”), Tech Mahindra Cerium Private Limited (“TMCPL”), and Thirdware Solution Limited (“TSL”). Key Developments On October 25, 2023, Tech Mahindra’s Board of Directors approved…