ACME Solar Holdings Limited has officially announced the termination of its planned acquisition of AK Renewable Infra Private Limited. The deal, originally disclosed on September 5, 2025, will no longer proceed following a mutual agreement between both parties. Details of Termination The Share Purchase Agreement (SPA) signed on…
Waaree Energies Limited, one of India’s leading renewable energy companies, has announced the incorporation of three new wholly-owned subsidiaries through its arm Waaree Forever Energies Private Limited. The move marks a strategic step in strengthening the company’s presence in the Independent Power Producer (IPP) space and enhancing its…
Vedanta Ltd., the diversified natural resources group led by Anil Agarwal, has cleared a major hurdle in its restructuring roadmap by resolving a long-standing dispute with SEPCO Electric Power Construction Corporation (SEPCO) related to the Talwandi Sabo Power Project (TSPL) in Punjab. Settlement with SEPCO Ends Arbitration The…
Refex Industries Limited has expanded into the mobility sector with the incorporation of a new wholly-owned subsidiary, Refex Mobility Limited (RML). The move marks a strategic diversification for the company, which has traditionally operated in its core industrial businesses. Subsidiary Incorporation RML was incorporated on September 12, 2025,…
Som Distilleries & Breweries Limited (SDBL), a leading player in India’s alcoholic beverage industry, has confirmed that the Customs Department recently visited its corporate office in Bhopal and its manufacturing facility to inquire into import and export transactions. The company emphasized that no violations were found and that…
Seamec Limited, a leading offshore and marine services provider, has announced a series of Board-approved decisions aimed at enhancing operational flexibility and supporting upcoming projects for Oil and Natural Gas Corporation (ONGC). Vessel Charter for ONGC Project The Board has approved the chartering of ‘MV Goodman’, a vessel…
Muthoot Microfin Limited has announced the allotment of Listed, Rated, Senior, Secured, Transferable, Redeemable Non-Convertible Debentures (NCDs) worth ₹100 crore, marking a strategic fundraising move for the company. NCD Allotment Details The Debenture Issue and Allotment Committee of Muthoot Microfin approved the allotment of 1,00,000 NCDs, each with…
Rashtriya Chemicals & Fertilizers Ltd (RCF) has started commercial production at its newly established liquid carbon dioxide (CO₂) plant at the company’s Trombay unit. The plant has a designed capacity of 100 metric tonnes per day (MTPD). Diversifying Beyond Fertilisers The launch of this facility marks a strategic…
MAS Financial Services Limited (MFSL) has strengthened its footprint in the housing finance market by increasing its stake in its subsidiary, MAS Rural Housing and Mortgage Finance Limited (MRHMFL). The move reflects MFSL’s strategic intent to deepen its presence in the middle-income housing finance segment, particularly across semi-urban…
JK Cement Limited has secured approval from the National Company Law Tribunal (NCLT), Allahabad Bench, for the merger of its wholly-owned subsidiary Toshali Cements Private Limited. The amalgamation, effective from January 1, 2024, is part of JK Cement’s broader strategy to streamline operations and strengthen group synergies. Key…