Hindalco’s subsidiary to double automotive aluminium capacity in China
Hindalco Industries subsidiary Novelis, to double its automotive aluminum capacity in China. In a filing the company stated, “Novelis Inc, the world leader in aluminum...
Tag : subsidiary
Century Plyboards divests entire stake in its step down subsidiary
Century Plyboards subsidiary Century Ply Singapore Pte, has written-off its entire investments in its subsidiary, P T Century Ply Indonesia. The company stated that, P T Century...
Binani Industries files application to terminate CIRP of its subsidiary
Binani Industries, has filed an application to terminate company insolvency and resolution proceedings (CIRP) of its subsidiary, Binani Cement (BCL). The company has also received an...
Phoenix Mills buys stake in subsidiary company
Phoenix Mills has bought 22.67% stake in its subsidiary company. This move is a part of company’s objective of consolidating its holding in its existing...
L&T to sell its subsidiary for Rs.522 crore to ESAB Holdings
Larsen & Turbo (L&T), has entered into a definitive agreement for Rs.522 crore, with ESAB Holdings Ltd, to sell its total stake in wholly owned arm...
IL&FS Transportation subsidiary refinances Rs 1,730 crore debt
IL&FS Transportation Networks Ltd‘s subsidiary Jharkhand Road Projects Implementation Company Ltd has re-financed debt of Rs 1,730 crore by issuing non-convertible debentures (NCDs). IL&FS Transportation...
Sun Pharma Subsidiary has bought 13 mn series B pref stock of US company
One of the wholly owned subsidiary of Sun Pharmaceutical Industries has acquired 13,000,000 Series B preferred stock of scPharmaceuticals Inc (equivalent to 14.58 percent fully...
Dabur has changed its newly acquired subsidiary name to Dabur South Africa
Dabur, the homegrown FMCG major has changed its newly acquired step down South Africa based subsidiary Discaria Trading (PTY) Ltd to Dabur South Africa (PTY)...
Hindustan National Glass has sold subsidiary in Europe for Rs 175 crore
Hindustan National Glass and Industries has sold a wholly owned subsidiary HNG Global GmbH for Rs 23 million euros (about Rs 175 crore) to an...
Sweden-based Visionsbolaget becomes an arm of Mahindra Holidays
Mahindra Holidays & Resorts India said that through a group firm, the Sweden-based Visionsbolaget AB has become its subsidiary. Mahindra Holidays & Resorts’s step down...