Jaipur-based AU Small Finance Bank (AU SFB) has taken a significant step towards expanding its operations by submitting an application to the Reserve Bank of India (RBI) for a voluntary transition from a small finance bank to a universal bank. This strategic move comes amidst the bank’s ongoing merger with Fincare Small Finance Bank. The …
On September 03, 2024, Patel Engineering Limited (PEL) announced a strategic partnership with Rail Vikas Nigam Limited (RVNL), a leading Indian infrastructure company. The partnership, formalised through a Memorandum of Understanding (MOU), aims to jointly execute hydro and other infrastructure projects both domestically and internationally. Leveraging their respective strengths in infrastructure development, PEL and RVNL …
In a strategic move to meet the increasing demand for high-quality, value-added packaging solutions, Prakash Pipes Ltd, a leading player in piping solutions, has successfully commissioned its new Nordmeccanica Supercombi 5000 laminator. This state-of-the-art machine is a significant addition to the company’s packaging division, enabling it to offer a wider range of products, including HSL …
On September 03, 2024, Cupid Limited, a leading manufacturer in India known for condoms, personal lubricants, IVD kits, deodorants, pocket perfumes, and toilet sanitisers, is expanding its direct-to-consumer (B2C) business. Over the past 7 months, the company has achieved net revenues of ₹12.50 crore through its B2C efforts and aims to significantly increase this to …
During their meeting on September 3, 2024, the Board of Directors of Bansal Wire Industries Limited approved the plan to incorporate a wholly owned subsidiary of the company, BWI Steels Pvt. Ltd. Once incorporated, this wholly owned subsidiary will be a related party to the company, though the promoter group has no other interest in …
On September 3, 2024, Dalmia Bharat Limited announced that its wholly owned subsidiary, Dalmia Cement (Bharat) Limited (DCBL), has entered into a Share Subscription and Shareholders Agreement (SSSHA) to acquire a 26% equity stake in Truere Surya Private Limited. The acquisition involves purchasing 4,48,00,000 equity shares, totalling ₹44.80 crore, with the investment structured to be …
On September 3, 2024, NHPC Limited updated the exchanges regarding its recent developments in energy projects. This announcement builds upon NHPC’s earlier communication from June 6, 2023, and highlights significant progress in the company’s strategic initiatives. NHPC Limited had initially entered into a Memorandum of Understanding (MoU) with the Department of Energy, Government of Maharashtra, …
UPL Limited announced that its step-down subsidiary, Advanta Seeds Holdings UK Limited, had completed the acquisition of Advanta Holdings (Thailand) Limited (Advanta Thailand). This acquisition marks a significant expansion in UPL’s seed and related business operations. Advanta Thailand will become a step-down subsidiary within the Advanta Seed structure, which is managed under Advanta Enterprises Limited, …
MOIL Ltd has reported impressive performance figures for August 2024, setting a new benchmark with its highest-ever production for the month at 1.24 lakh tonnes. This achievement underscores MOIL’s ability to maintain strong operational momentum, even in the face of challenging market conditions. The company stated that for the first 5 months of the current …
On September 3, 2024, G R Infraprojects Limited (GRIL) announced that it has successfully completed the acquisition of Tumkur-II REZ Power Transmission Limited (TRPTL) from REC Power Development and Consultancy Limited (RECPDCL) through a Share Purchase Agreement. With this acquisition, TRPTL has become a wholly-owned subsidiary of G R Infraprojects Limited, marking a significant strategic …
