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JK Paper approves 60% majority stake acquisition in Radhesham Wellpack
The Scheme, which involves the merger of three wholly owned subsidiaries—Horizon Packs Private Ltd, Securipax Packaging Private Ltd, and JKPL Utility Packaging Solutions Private Ltd—with JK Paper Ltd, will create a more streamlined paper and packaging company.
SEBI grants final exit to ICEX as recognized stock exchange after compliance failures
In May 2023, a resolution passed by ICEX's shareholders formally initiated the exit process.
Metropolis Healthcare acquires 100% stake in Core Diagnostics for Rs 246.83 crores
The total cost of the acquisition is INR 246.83 crores, with Core Diagnostics now becoming a wholly owned subsidiary of Metropolis Healthcare. The transaction is expected to be completed within 60 days from the signing of definitive agreements.
Flair Writing Industries incorporates wholly owned subsidiary Monterosa Stationery
Monterosa Stationery Private Limited was officially registered on November 29, 2024, under the Registrar of Companies, Mumbai. The new subsidiary has an authorized share capital of ₹10,00,000 and a paid-up capital of ₹1,00,000, with Flair Writing Industries holding 100% ownership.
Bhageria Industries establishes wholly owned subsidiary Hikaru Solar Power Pvt
The company has clarified that Hikaru Solar Power Private Limited will operate as a related party, with any transactions between the parent and the subsidiary being conducted on an arm’s length basis to ensure compliance with corporate governance norms.
Fine Organic Industries to resume operations post-fire incident at Maharashtra plant
In a statement released to the stock exchanges, the company confirmed that it has made significant progress in restoring the plant’s operations to full capacity. The resumption marks a critical milestone as Fine Organic actively works on bringing all other plant activities back to normal.
Zaggle Prepaid Ocean Services signs referral partnership agreement with Mastercard
This collaboration is aimed at enhancing Zaggle’s presence in the corporate payment solutions space, as Mastercard leverages its global network to introduce Zaggle’s offerings to a wider audience.
India Glycols incorporates wholly-owned subsidiary IGL Spirits Limited
As part of the incorporation, IGL will subscribe to 10,000 equity shares of IGL Spirits, at a face value of ₹10 each, for a total amount of ₹1,00,000. The new subsidiary will initially be capitalized with a paid-up capital of ₹1,00,000 and an authorized capital of ₹5,00,000.
Grid Equipments to sell 8.38% stake in GE Vernova T&D India via OFS
The shares, with a face value of INR 2 each, will be offered at a floor price of INR 1,550 per share.
Asya Infosoft bags INR 11.34 crore procurement order from Brahmaputra Cracker & Polymer Limited
As per the agreement, delivery will be considered complete once the materials arrive at the site, as certified by site store owners or engineers. A penalty clause of 0.5% per week applies to any delays, capped at 5% of the undelivered portion.
Premier Energies secures INR 1,087 crore solar module and cell orders
The company confirmed that the supply of solar modules and cells is scheduled to commence in January 2025. The nature of these orders is one-time, and all customers are domestic entities.
Adani Infra launches open offer for PSP Projects: Seeks to acquire 26% stake
Under the SPA, Adani Infra is set to acquire a 30.07% stake in the construction firm from one of the promoters, Mr. Prahaladbhai S. Patel, who is also a party to the deal.
Kilburn Engineering Ltd. acquires 100% stake in Monga Strayfield Pvt. Ltd. for Rs 123 crores
The total consideration for the transaction is INR 123 crore, comprising a combination of cash and non-cash payments. Kilburn Engineering is targeting to complete the acquisition by December 31, 2024.
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