MERGERS & ACQUISITIONS
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…
Amalgamation of SGS Infosystems, SGS Tekniks, and Syrma SGS Technology Limited Syrma SGS Technology Limited has announced the approval of its amalgamation scheme with SGS Infosystems Private Limited (“Transferor Company No. 1”) and SGS Tekniks Manufacturing Private Limited (“Transferor Company No. 2”). The National Company Law Tribunal (NCLT), Mumbai, issued its order on December 4,…
UFLEX Limited Acquires Additional Stake in Amplus Phoenix Energy Private Limited UFLEX Limited is set to increase its equity stake in Amplus Phoenix Energy Private Limited (“Amplus Phoenix”). Incorporated in 2021 in India, Amplus Phoenix focuses on the establishment, generation, and distribution of solar power. Although the company has not yet generated turnover from its…