Tag: equity infusion
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 · Mar 31, 2026
GENERAL TVS Holdings Infuses ₹527 Cr Into Home Credit, Hikes Stake To 80.39%

TVS Holdings Ltd (formerly known as Sundaram-Clayton Ltd) has infused ₹527 crore into its subsidiary, Home Credit India Finance Pvt Ltd (HCIFPL), through an additional equity acquisition. The company acquired 22.91 crore shares of HCIFPL at ₹22.99 per share, amounting to a total consideration of ₹526.79 crore. Objective of the investment According to a regulatory […]

CW Bureau · Mar 28, 2026