Listed gaming startup Nazara Technologies Ltd’s on Tuesday announced its subsidiary Nodwin International Pte. Ltd has signed definitive agreements for the acquisition of 51 per cent of the share capital of Branded Pte...
GMR Airports Infra to merge subsidiary with itself, raise ₹2,900 crore from Groupe ADP
GMR Airports Infrastructure Limited (Formerly GMR Infrastructure Limited) (GIL) announced the approval by its board of the composite scheme of amalgamation and arrangement of GMR Airports Limited (GAL) with GIL (Merger)...
Adani Power amalgamates six subsidiary companies
Adani Power said it has amalgamated its six subsidiaries, including Adani Power (Mundra), with itself. An amalgamation of six wholly-owned subsidiary companies of Adani Power Ltd (APL) — Adani Power Maharashtra...
Bharti Airtel acquires 23 per cent stake in Indus Towers held by subsidiary Nettle Infrastructure
Telecom operator Bharti Airtel has increased its direct stake in Indus Towers by acquiring 23.01 per cent shares held by its completely owned subsidiary Nettle Infrastructure, a regulatory filing said on Saturday...
Zenseact becomes fully owned subsidiary of Volvo Cars
Sweden-based Volvo Car AB said on Saturday it had taken 100% ownership of its autonomous driving (AD) software development subsidiary Zenseact. Volvo Cars acquired 13.5% of shares in Zenseact from ECARX, which made the...
GMM Pfaudler’s subsidiary to acquire Mixel France SAS for €7 million
GMM Pfaudler Ltd through its wholly owned subsidiary Pfaudler GmbH, has entered into an agreement on December 8, 2022 to acquire Mixel France SAS and its wholly owned subsidiary Mixel Agitator Co. Ltd. (collectively...
Volkswagen’s Cariad to buy paragon’s AI subsidiary
Volkswagen software unit Cariad has agreed to buy automotive supplier paragon’s artificial intelligence specialist subsidiary, said paragon in a statement on Thursday. Both parties agreed to a purchase price of 40...
Lupin’s Brazil subsidiary acquires 9 brands from Bausch Health
Drug maker Lupin said that its wholly-owned subsidiary in Brazil, MedQuímica Indústria Farmacêutica (MedQuímica), has signed a definitive agreement to acquire all rights to nine medicines from BL Indústria Ótica Ltda...
NCLT approves ArcelorMittal subsidiary’s resolution plan for Uttam Galva Steel
The bankruptcy court approved the resolution plan of the global steel firm ArcelorMittal’s local subsidiary for debt-laden Uttam Galva Steels Ltd. The Mumbai bench of the National Company Law Tribunal (NCLT), presided...
No stake sale, PNB to retain promoter status in subsidiary
Punjab National Bank will continue as a promoter of PNB Housing Finance Ltd (PNBHFL) even after the mortgage lender completes its rights issue, a top executive said. The public sector bank has already got Reserve Bank...
JC Flowers to buy Eight Capital’s residual stake in ARC subsidiary
Global private investment firm JC Flowers & Co will acquire Eight Capital’s entire stake in JC Flowers Asset Reconstruction Company (ARC), at a time when is set to pick up a 20% equity in the ARC, said two...
Crompton Greaves climbs 7% after company approves stake sale in subsidiary Butterfly Gandhimathi
Shares of electrical equipment manufacturer Crompton Greaves rallied nearly 7 per cent on Tuesday after the company approved the sale of a six per cent stake in its subsidiary Butterfly Gandhimathi Appliances via an...