Reliance Petroleum Retail Limited (under name change to ‘Reliance Polyester Limited’), a wholly-owned subsidiary of the Company, today executed definitive documents to acquire polyester business of Shubhalakshmi...
HDFC gets National Housing Bank nod for merger with subsidiary bank
Mortgage major HDFC has received approval from the National Housing Bank (NHB) for its merger with subsidiary HDFC Bank, a regulatory filing said. The NHB has also approved the merger of two wholly-owned subsidiaries...
LVMH’s Sephora to sell its Russian subsidiary
LVMH’s retail beauty brand Sephora is selling its Russian subsidiary to the local general manager of the chain, the French company said on Monday, joining a flood of Western businesses leaving the country...
Bharat Forge, subsidiary complete acquisition of JS Autocast
Pune-based auto parts maker Bharat Forge Ltd on Friday said it along with subsidiary BF Industrial Solutions has successfully completed the acquisition of Coimbatore-based JS Autocast Foundry India Private Limited. The...
Brazil’s Cosan subsidiary Moove acquires U.S. PetroChoice Lubrication
Brazilian lubricant distributor Moove, owned by Cosan SA, has agreed to buy the largest U.S. lubricant distributor, PetroChoice Lubricants, for $479 million, the company said in a securities filing published on Monday...
Google’s Russian subsidiary to file for bankruptcy after bank a/c seized
Google says its Russian subsidiary is planning to file for bankruptcy because it can’t pay staff and suppliers. Russian state media reported Wednesday that the U.S. tech company’s Russian subsidiary, Google...
Subsidiary of Mexico’s Femsa agrees to acquire U.S. distributor Sigma Supply
Mexican bottler and retailer FEMSA announced its U.S. subsidiary Envoy Solutions reached an agreement to acquire the distributor Sigma Supply for an undisclosed amount. FEMSA said the acquisition is “another...
Minda Industries raising stake in subsidiary firm Minda Kosei Aluminum Wheels to 77.35%
Minda Industries Ltd (MIL), the flagship firm of the UNO MINDA Group, said it is increasing its stake in the subsidiary company Minda Kosei Aluminum Wheels (MKA) to 77.35 per cent from 70 per cent, with an investment of...
NCLAT Judgement on Dispensation of Meeting of Unsecured Creditors in case of Merger of Wholly Owned Subsidiary with its Holding Company
Ericsson India Private Limited (Transferor Company) WoS and Ericsson India Global Services Private Limited (Transferee company) have filed a Joint Company Scheme Application for amalgamation with Hon’ble National...
Coca-Cola’s African subsidiary eyes more consolidation in continent
Coca-Cola Beverages Africa (CCBA), the biggest bottling unit of Coca-Cola in the continent, is eyeing further consolidation of the parent’s bottling operations there, its chief executive said on Tuesday, as it...
Govt to pick up 9.5% stake in Tata Teleservices subsidiary
The Indian government will pick up an unspecified equity stake in Tata Teleservices (TTL) and a 9.5 per cent stake in Tata Teleservices Maharashtra after the firms opted for the government’s relief measure of converting...
Equitas Holdings to fully divest stake in subsidiary ETPL ahead of merger with Equitas SFB
Equitas Holdings Ltd will divest its entire stake in subsidiary Equitas Technologies Pvt Ltd (ETPL) as part of the requirement for the merger with Equitas Small Finance Bank (ESFB). As part of the RBI’s licensing...