MERGERS & ACQUISITIONS
Power Grid Corporation of India Acquires Chitradurga Bellary REZ Transmission Limited (CBRTL) Power Grid Corporation of India Limited (POWERGRID) has successfully acquired Chitradurga Bellary REZ Transmission Limited (CBRTL). The acquisition, finalized on March 21, 2025, was carried out through the Tariff Based Competitive Bidding (TBCB) route, with POWERGRID emerging as the successful bidder. Purpose of…
AYM Syntex Limited has announced a strategic move to streamline its corporate structure by merging with its holding company, Mandawewala Enterprises Limited (MEL). This amalgamation aims to enhance operational efficiency and simplify the organizational hierarchy. Details of the Amalgamation: Entities Involved: Mandawewala Enterprises Limited (MEL): The holding company of AYM Syntex Limited. AYM Syntex Limited:…
Tata Motors Limited has announced the incorporation of a new wholly-owned subsidiary, Tata Motors Digital.AI Labs Limited (TMDALL), to bolster its digital capabilities and drive innovation in the automotive sector. Key Details of the Incorporation: Name: Tata Motors Digital.AI Labs Limited (TMDALL) Authorized Share Capital: ₹1,00,00,000, divided into 10,00,000 equity shares of ₹10 each Paid-Up…
Mahindra & Mahindra Ltd. (M&M) has announced a strategic move to streamline its corporate structure by acquiring a 57% equity stake in Mahindra – BT Investment Company (Mauritius) Limited (MBTICM). This acquisition involves M&M purchasing 67,71,600 equity shares from its wholly-owned subsidiary, Mahindra Overseas Investment Company (Mauritius) Limited (MOICML), thereby making MBTICM a direct subsidiary…
Aditya Birla Capital Limited (ABCL) has reinforced its commitment to the housing finance sector by investing ₹300 crore in its wholly-owned subsidiary, Aditya Birla Housing Finance Limited (ABHFL). This strategic infusion, executed through a rights issue, aims to bolster ABHFL’s growth trajectory and enhance its leverage ratio. Investment Details Amount: ₹300 crore Method: Rights issue,…
Syngene International Limited, a leading contract research, development, and manufacturing organization (CRDMO), has announced a significant investment to bolster its global operations. The company plans to invest up to $56 million in its wholly-owned subsidiary, Syngene USA Inc (SUSA), to facilitate the acquisition of a biologics manufacturing facility and support its operational needs. Details of…
Tata Consultancy Services (TCS), a global leader in IT services, has announced a significant strategic move to enhance its delivery capabilities. On March 11, 2025, TCS disclosed its plan to acquire Darshita Southern India Happy Homes Private Limited, a company specializing in commercial real estate development. This acquisition is poised to bolster TCS’s infrastructure by…
Zota Health Care Limited, a prominent player in the pharmaceutical industry, has recently made strategic moves to bolster its presence in the generic pharmacy sector. On March 11, 2025, the company announced the acquisition of 133,332 equity shares of its wholly-owned subsidiary, Davaindia Health Mart Limited (DIHML), through a rights issue. This investment, amounting to…
March 6, 2025 – Quality Power Electrical Equipments Limited (QPEEL) has officially acquired a 51% stake in Mehru Electrical and Mechanical Engineers Private Limited (Mehru) in a strategic move to expand its presence in the high-voltage electrical equipment sector. The Rs. 120 crore deal, executed through a Share Purchase Agreement on March 6, 2025, marks…
GMR Airports Infrastructure Limited (GMR Infra) has announced a significant acquisition that strengthens its control over GMR Hyderabad International Airport Limited (GHIAL). This move aligns with GMR Infra’s broader strategy to consolidate its position in the airport infrastructure sector. Details of the Acquisition GMR Infra will acquire an 11% equity stake in GHIAL from Malaysia…