RETAIL/FMCG ITC Approves Amalgamation Of Yoga Bar Parent Sproutlife Foods

ITC Ltd, one of India’s leading diversified private sector companies, has approved the amalgamation of Sproutlife Foods Pvt Ltd, its wholly owned subsidiary that operates the health food brand Yoga Bar, with effect from April 1, 2026. The proposed Scheme of Amalgamation is intended to integrate the operations of the two companies, improve resource utilisation […]

CW Bureau · Nov 2, 2026

MANUFACTURING NCLT Approves Merger Of Piombino Steel With JSW Steel In Final Order

The National Company Law Tribunal (NCLT), Mumbai Bench, has approved the composite scheme of amalgamation of Piombino Steel Ltd with JSW Steel Ltd through its final order dated October 16, 2026. Following the order, Piombino Steel, the transferor company, stands amalgamated with and into JSW Steel, the transferee company. The appointed date for the merger […]

CW Bureau · Nov 1, 2026

STARTUP/TECHNOLOGY Hexaware Technologies Approves Revamp, Names Vivek Jetley CEO

Hexaware Technologies Ltd, a global provider of IT services and technology-enabled business solutions, has approved a series of corporate restructuring measures, including a subsidiary slump sale, two mergers, the incorporation of a new overseas subsidiary and the voluntary liquidation of an existing entity. The company’s board has also approved the appointment of Vivek Jetley as […]

CW Bureau · Oct 28, 2026

MANUFACTURING Raymond Proposes Name Change To Raymond Aerospace, Defence & Engg

Raymond Ltd board has approved to change its name to Raymond Aerospace, Defence & Engineering Ltd, reflecting the company’s evolving business profile and growing focus on engineering, aerospace and defence following the demerger of its lifestyle and real estate businesses. The proposed name change is subject to approval by the company’s members through a special […]

CW Bureau · Oct 25, 2026

MANUFACTURING Phoenix Mills Proposes Merger Of Truevalue Infrabuild With SGH Realty

Truevalue Infrabuild Pvt Ltd (TVIP), a step-down subsidiary of The Phoenix Mills Ltd, has proposed to amalgamate with SGH Realty Pvt Ltd as a going concern, as part of a restructuring exercise aimed at simplifying the group’s business structure and improving operational efficiency. SGH Realty is a subsidiary of Phoenix Mills and the holding company […]

CW Bureau · Oct 15, 2026

GENERAL ACME Solar Holdings Board Approves Amalgamation Of Three Subsidiaries

The board of ACME Solar Holdings Ltd has approved a Scheme of Amalgamation involving the merger of ACME Pokhran Solar Pvt Ltd, ACME Sikar Solar Pvt Ltd and ACME Eco Clean Energy Pvt Ltd Holdings Ltd with and into ACME Solar Holdings. ACME Pokhran Solar and ACME Sikar Solar are direct wholly owned subsidiaries of […]

CW Bureau · Sep 18, 2026

GENERAL Gland Pharma Set To Acquire Gland Pharma USA In A $5.01-Lakh Deal

Gland Pharma Ltd has approved the acquisition of 100% equity in Gland Pharma USA Inc. (Gland US), a wholly-owned step-down subsidiary, from Gland Pharma International Pte. Ltd., a wholly-owned subsidiary, for $5.01 lakh. Upon completion of the transaction, Gland US will become a direct wholly-owned subsidiary of Gland Pharma. The company expects to complete the […]

CW Bureau · Sep 13, 2026

GENERAL Vedanta To Demerge Surplus Real Estate Assets Into Separate Company

Vedanta Ltd, India’s largest diversified natural resources company, has announced plans to demerge its surplus real estate assets into a separate entity, Vedanta Property Platforms Ltd (VPPL), to unlock value for shareholders. The proposed demerger comes within three months of Vedanta completing its five-way restructuring, which resulted in the listing of four new independent entities […]

CW Bureau · Jul 30, 2026

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 · 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 · 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 · 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 · Apr 12, 2026