CRISIL, a leading global analytics and ratings firm, has announced the acquisition of McKinsey PriceMetrix Co., a Canadian wealth management software provider, for USD 38 million (approximately ₹335 crore). The deal, executed through CRISIL’s subsidiary Crisil Canada Inc., is expected to close within 180 days. About the Acquisition…
AlgoQuant Fintech Limited has announced a strategic investment of ₹12.8 million in its wholly-owned subsidiary, AlgoQuant Global Securities Private Limited (AGSPL), marking a decisive step toward expanding its footprint in the stock broking industry. Investment and Allotment Details The infusion of capital was executed through a rights issue,…
The Competition Commission of India (CCI) has granted approval for a comprehensive corporate restructuring involving Apollo Hospitals Enterprise Limited (AHEL), Apollo Healthco Limited (AHL), and Keimed Private Limited (Keimed). The move encompasses a series of mergers, demergers, and acquisitions aimed at consolidating operations under a newly incorporated entity,…
Delhi-based medical device manufacturer Poly Medicure Limited has set its sights on expanding its footprint in the US trauma and extremities market, aiming to generate $15–20 million in revenue by 2030 through the acquisition of Medistream SA. Strategic Acquisition Details On September 24, 2025, Poly Medicure announced a…
Birla Corporation Subsidiary Emerges as Preferred Bidder for Guda-Rampur Limestone & Manganese Block
Birla Corporation Limited announced that its material subsidiary, RCCPL Private Limited, has been declared the preferred bidder by the Telangana Department of Mines & Geology for the Guda-Rampur Limestone & Manganese block. The official communication, following the auction process, was received by the company on September 22, 2025.…
Mumbai, September 25 – Allcargo Logistics Limited, a leading player in the Indian logistics sector, is poised for a major corporate transformation as the National Company Law Tribunal (NCLT) has reserved its order on the company’s Composite Scheme of Arrangement. The hearing, held on September 24, 2025, marks…
The Indian government has moved to restrict imports of plain silver jewellery, with the measures in effect immediately and set to continue until March 31, 2026. The decision, announced by the Directorate General of Foreign Trade (DGFT) on September 24, comes in response to a sharp rise in…
Dalmia Cement (Bharat) Limited, a subsidiary of Dalmia Bharat, has received confirmation of a Provisional Attachment Order from the Adjudicating Authority under the Prevention of Money Laundering Act (PMLA). The order attaches company land valued at approximately Rs. 377.26 crore, forming part of a larger Rs. 793.34 crore…
Kotak Mahindra Asset Management Company (AMC) has launched the Kotak Nifty 200 Momentum 30 ETF, an open-ended exchange-traded fund (ETF) that tracks the Nifty 200 Momentum 30 Index. Subscription Window The ETF is open for subscription from September 22 to October 6, 2025. About the Nifty 200 Momentum…
Mumbai, September 25 – Quality Power Electrical Equipments Limited (QPEEL) announced that its subsidiary, Mehru Electrical and Mechanical Engineers Pvt. Ltd., has entered into a co-development agreement with Hyosung T&D India Pvt. Ltd. for gas-insulated switchgear (GIS) instrument transformers. The strategic partnership aims to combine Hyosung’s global expertise…