Subsidiary

Wipro merges two North American subsidiaries; de-registers Australian subsidiary

Wipro said the reason for merging the two North American subsidiaries is to rationalise and consolidate the group structure of the company.

GMR Power soars 20% as subsidiary bags order to install 75 lakh meters in UP

The project will be executed under Revamped Distribution Sector Scheme (RDSS) and is expected to reduce the AT&C losses in the designated area and improve the operational and collection efficiency of UP Discoms.

Thomas Cook shares up 1%; subsidiary buys 50% in 500 FT SPV

In May, Desert Adventures Tourism, a wholly-owned subsidiary of Thomas Cook India, and GCC-based travel conglomerate Kanoo Travel signed an agreement to establish a joint venture in Saudi Arabia.

Adani Transmission incorporate arm for smart meter business

BSML is incorporated in India and registered with the Registrar of Companies, Gujarat at Ahmedabad on 27th December 2022 and is yet to commence its business operations, a BSE filing stated.

CSK sets up subsidiary to nurture talent, get into other sports

CSK’s management is keen to see that the company gains critical mass by diversifying into an array of sports-related activities that would fetch a “steady stream of consistent income.”

Snapdeal arm Vulcan to offer services to external clients

Online marketplace Snapdeal's fully-owned subsidiary Vulcan Express is set to expand its GST-compliant logistics network across 80 major cities, offering services to external clients as well.

Eveready may look at PE investment to scale up packet tea biz

Eveready may spin off its packet tea business into a 100 percent subsidiary as the board has approved the reorganisation.

Suzlon Energy rises 2% on provisional credit rating to arm

The company's arm, Suzlon Global Services, received a provisional credit rating of 'A-' and a stable outlook from ratings agency CARE.

Cipla arm to sell stake in Four M Propack to Shriji Polymers

Drug major Cipla today said its subsidiary Goldencross Pharma has entered into a pact to sell its entire stake in Four M Propack to Shriji Polymers for a consideration of up to Rs 19.2 crore.

Swan Energy gains 4% on EOI to invest in subsidiary company

The company has received an expression of interest (EOI) from Tata Realty and Infrastructure to invest upto 10 percent of the equity of Swan LNG, a 100 percent subsidiary of the company.

Coal India arm hikes coking coal price by about 20%

State-owned CIL's arm BCCL has hiked coking coal price by about 20 percent with effect from today, a move that may help the PSU earn an additional revenue of Rs 702 crore for the remaining part of 2016-17 and Rs 2,986 crore in 2017-18.

Royal Orchid Hotels up 14%, acquires additional stake in arm

The company has acquired 24.9 percent shares in Amar Tara Hospitality, a subsidiary of company, for Rs 2.50 crore.

To get Rs 121 cr inflow from New York Life deal: Max Ventures

Max Ventures and Industries have announced the sale of 22.5 percent to New York Life for Rs 121 crore. In an interview to CNBC-TV18, Sahil Vachani, MD of Max Ventures & Industries spoke about the contours of the deal as well as about the latest happenings in his company and sector.

HC okays merger of 2 subsidiaries with PVR Ltd: BSE, NSE told

PVR Ltd has informed Bombay Stock Exchange and the National Stock Exchange of India that the Delhi High Court has approved merger of two of its subsidiary companies with it, effective from April 1, 2015.

Century Textiles to carve out 3 realty units into a unit: Srcs

Century Textiles is likely to transfer around Rs 800-1,000 crore worth of debt to the new subsidiary.

Lupin gets USFDA nod for generic Armodafinil tablets

The company's US-based subsidiary Lupin Pharmaceuticals, Inc (LPI) has received final approval for Armodafinil tablets in strengths of 50 mg, 150 mg, 200 mg and 250 mg from the United States Food and Drug Administration (FDA), Lupin Ltd said in a statement.

RBI may allow forex hedging by MNC subsidiaries

The overseas parent of a company or its central treasury can hedge the currency risks arising from genuine current account exposures of the local subsidiary to better manage the latter's currency risk, the RBI said in a notification.

Nava Bharat Ventures up 4% on stake sale in subsidiary companies

Nava Bharat Singapore Pte (NBS), the wholly owned subsidiary of the company, has successfully completed sale of 100 percent of the shares of Nava Bharat Lao Energy Pte (NBLE) and thereby its 70 percent shareholding in Namphak Power Co (NPCL).

Shreyas Shipping gains 9%, arm to sale 51% stake in SRS Freight

The company's wholly owned subsidiary Shreyas Relay Systems has decided to sell its stake of 51 percent in SRS Freight Management to BSL Freight Solutions.

Equitas Small Fin Bank appoints P Shome as Additional Director

"The company's subsidiary company viz, Equitas Small Finance Bank Ltd has in its board meeting held on September 21, 2016, appointed Prof Balakrishnan N and Dr Parthasarathi Shome as Additional Directors with effect from September 21, 2016," Equitas Holdings said in a regulatory filing.