MANUFACTURING
APL Apollo To Divest Arm Blue Ocean Projects To SG Realtor For ₹160 Cr
APL Apollo Tubes Ltd has approved the divestment of its entire stake in its wholly owned subsidiary, Blue Ocean Projects Pvt Ltd (BOPPL), to SG Realtor Pvt Ltd, a related party, for an aggregate consideration of ₹160 crore, as the steel products manufacturer sharpens its focus on its core business. The company’s board of directors […]
CW Bureau
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Jun 27, 2026
MANUFACTURING
EID Parry Infuses ₹600 Cr Into PSRIPL To Settle Obligations Of Shut Refinery
Murugappa Group company EID Parry (India) Ltd has infused around ₹600 crore into its wholly owned subsidiary Parry Sugars Refinery India Pvt Ltd (PSRIPL) to meet debt obligations, with the company expecting to complete all loan repayments linked to the closed Kakinada sugar refinery by June 2026. The update, shared during the company’s latest earnings […]
CW Bureau
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Jun 2, 2026
MANUFACTURING
Ballarpur Industries Charts Revival Roadmap Under New Board
Ballarpur Industries Ltd (BILT), a leading manufacturer of writing and printing (W&P) paper and subsidiary of Finquest Financial group, is charting a revival strategy under its newly constituted board following the successful completion of its insolvency resolution process. BILT is undertaking a comprehensive review of its policies, processes and practices to align with its long-term […]
CW Bureau
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Apr 16, 2026
MANUFACTURING
Capricorn Systems To Merge With Radical Bio; Shift To Ethanol Business
Capricorn Systems Global Solutions Ltd (CSGL), a Hyderabad-based listed entity, has approved a merger with Radical Bio-Organics Ltd (RBOL) as part of its diversification strategy to exit the IT-enabled services business and enter high-growth distillery and chemical manufacturing segments. On April 11, 2026 the board approved the merger with a 1:1 share exchange ratio. Post-merger, […]
CW Bureau
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Apr 12, 2026
MANUFACTURING
Jindal Poly Films Drop Demerger Plan Citing Delays, Market Uncertainty
Jindal Poly Films Ltd (JFPL) has decided to voluntarily withdraw its application related to the demerger of non-woven fabrics business division into its subsidiary with Global Nonwovens Ltd in view of procedural and regulatory delays along with geopolitical uncertainties. Withdrawal limited to regulatory filing The company clarified that the withdrawal pertains only to the application […]
CW Bureau
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Apr 10, 2026
MANUFACTURING
Parry Sugars’ Kakinada Refinery Shut; EID Parry Steps In With ₹740 Cr Aid
Murugappa Group company EID Parry (India) Ltd has announced the immediate shutdown of the sugar refinery unit run by its wholly-owned subsidiary Parry Sugars Refinery India Pvt Ltd (PSRIPL) at Vakalapudi in Kakinada, citing sustained losses and a mounting debt burden. To settle the subsidiary’s liabilities following the closure, the parent company will infuse substantial […]
CW Bureau
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Mar 31, 2026
HOSPITALITY
Cipla To Invest $100-Mn In Cipla (EU); To Merge Inzpera Healthsciences
Leading global pharmaceutical company Cipla Ltd approved an investment of $100 million in its wholly owned subsidiary Cipla (EU) and amalgamation of Inzpera Healthsciences Ltd with itself. In a regulatory filing, Cipla said that the investment of $100 million in Cipla (EU) will be utilised for onward financial assistance to InvaGen Pharmaceuticals Inc. towards capital […]
CW Bureau
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Mar 20, 2026
MANUFACTURING
Tata Steel To Merge NINL, Infuse ₹18,488 Cr In Arm, Buy Hospital Stake
The board of Tata Steel has approved three key decisions, including the amalgamation of a wholly owned subsidiary, a major capital infusion into an overseas arm, and the acquisition of a stake in a hospital company. The company said it will proceed with a scheme of amalgamation of Neelachal Ispat Nigam Ltd (NINL) with itself. […]
CW Bureau
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Mar 18, 2026
MANUFACTURING
JK Paper Composite Scheme Merged Takes Effect After NCLT Order Filing
JK Paper Ltd said that composite scheme of arrangement involving its wholly owned subsidiaries became effective from March 15, 2026, following the filing of a certified copy of National Company Law Tribunal (Ahmedabad bench) order with the Registrar of Companies. The merger is aimed at consolidating paper and packaging businesses and streamlining the corporate structure […]
CW Bureau
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Mar 15, 2026
