Lumax Auto Technologies Limited, a major player in the Indian automotive components sector, reported remarkable financial results for the second quarter (Q2) and first half (H1) of FY25, showcasing the highest-ever single-quarter revenue figures. Lumax’s strategic business moves, including the planned acquisition of Greenfuel Energy Solutions Private Limited, underpin this robust performance. In Q2FY25, the […]
In a significant step towards market expansion, Sadhana Nitro Chem Ltd. (SNCL) has secured approval from the National Company Law Tribunal (NCLT) for its acquisition of Calchem Industries (India) Ltd., as confirmed on November 8, 2024. The acquisition, valued at INR 9.50 crore, is set for completion by January 27, 2025, marking a key strategic […]
In a major development, Aditya Birla Capital Limited (ABCL) announced that the Reserve Bank of India (RBI) has provided the crucial ‘no objection’ for its merger with its wholly-owned subsidiary, Aditya Birla Finance Limited (ABFL). This milestone marks a significant step in the company’s plan to consolidate its financial operations, creating a unified non-banking financial […]
Vedanta Limited, a heavyweight in critical minerals and energy, has just unveiled a game-changing strategy that will transform its entire corporate structure. The company has received a green light from 75% of its secured creditors to proceed with a groundbreaking demerger. This monumental move, pending clearance from stock exchanges and the National Company Law Tribunal […]
Tega Industries Limited said that it has secured approval from the Indian National Company Law Tribunal (NCLT) for its acquisition of McNally Sayaji Engineering Limited (MSEL), a manufacturer of crushing, grinding, screening, material handling and mineral processing equipment. According to Tega Industries, this is the company’s maiden acquisition in India and its fourth worldwide. Tega […]
