Latest Announcements

Rashi Peripherals Ltd's Board has approved the acquisition of a 67% equity stake in VDA Infosolutions Private Limited for a cash consideration of INR 368.50 Crores. VDA, established in 2010, operates in the enterprise technology and digital solutions space, with a provisional turnover of INR 850 Crores for FY26. This acquisition is expected to complement Rashi Peripherals' core IT products distribution business and offer strategic forward integration. Additionally, the Board recommended the re-appointment of Deloitte Haskins & Sells LLP as Statutory Auditors for a second five-year term.

Kitex Garments Ltd has published newspaper advertisements for notices convening meetings of its equity shareholders and unsecured creditors. These meetings are a procedural step in relation to a Scheme of Arrangement between Kitex Childrenswear Limited, Kitex Garments Limited, and their respective shareholders and creditors. This action is mandated by an order from the Hon'ble National Company Law Tribunal, Kochi Bench, indicating progress on a significant corporate restructuring or merger initiative.

Rashi Peripherals Ltd announced its decision to acquire a 67% equity stake in VDA Infosolutions Private Limited for a cash consideration of INR 368.50 Crores. VDA, established in 2010, operates in the enterprise technology and digital solutions sector, including cloud, cybersecurity, and data protection. This acquisition is strategic for Rashi Peripherals, complementing its core IT product distribution business and facilitating forward integration into the enterprise technology space. Additionally, the Board recommended the re-appointment of Deloitte Haskins & Sells LLP as statutory auditors for a second term.

Callista Industries Ltd's board approved the preferential allotment of 6.5 lakh equity shares for ₹65 lakhs and 12 lakh convertible warrants (initial receipt of ₹30 lakhs) to raise capital. This increases the paid-up capital to ₹4.69 crore. Concurrently, the company executed a Share Purchase Agreement to acquire 100% of Sadguru Flexibles Packaging Ltd, which will become a wholly-owned subsidiary. Callista Industries also plans to invest ₹10.5 crore in Sadguru Flexibles for its working capital requirements, aligning with the objectives of the preferential issue.

Callista Industries Ltd has allotted 6,50,000 preferential equity shares, raising Rs. 65 lakh, and 12,00,000 convertible warrants, securing Rs. 30 lakh upfront. Concurrently, the company executed a Share Purchase Agreement to acquire 100% of Sadguru Flexibles Packaging Limited, which will become a wholly-owned subsidiary. Callista also proposes to invest Rs. 10.5 crore in Sadguru Flexibles for working capital, aligning with the preferential issue's objectives. This strategic move aims to expand the company's business footprint.

Wipro Limited has announced an update regarding its previously disclosed acquisition of select customer contracts from Alpha Net Consulting LLC. The transaction, initially expected to conclude by June 30, 2026, is now anticipated to be completed latest by September 30, 2026. This represents a three-month delay from the original timeline for the acquisition's closure.

Purple Finance Ltd has announced the receipt of a Letter of Offer dated June 20, 2026, from Allied Commodities Private Limited and Mr. Sandeep Jindal, along with persons acting in concert, for an open offer. The offer aims to acquire up to 1,76,48,152 equity shares, representing 26.00% of the target company's emerging voting capital, at a price of ₹55.00 per share, payable in cash. The offer is made under SEBI SAST Regulations and has secured prior approval from the Reserve Bank of India for the proposed acquisition and change in control of the company.

Honasa Consumer Ltd. announced the strategic acquisition of a 58% majority stake in Fluence Pharma, a science-backed nutraceuticals company known for its patented Cyclical Nutrition Therapy and dermatologist network. This acquisition marks Honasa's entry into the high-growth nutraceuticals category, specifically targeting "inside-out" beauty, under a newly formed subsidiary, Honasa Health. Fluence Pharma reported ~INR 40 Crore revenue and over 20% EBITDA margin in FY26, and Honasa aims to leverage Fluence's science with its own brand-building and digital distribution capabilities.

Honasa Consumer Ltd announced the acquisition of a 58% equity stake in Fluence Pharma Private Limited, a company offering condition-specific OTC supplements under brands like "Hair Fact, Skin Fact, and Pro Fact." The acquisition, valued at approximately ₹135 Crores enterprise value for the initial stake, strategically marks Honasa's entry into the high-growth nutraceuticals market, with plans to acquire the remaining 42% over the next 5-7 years. Additionally, Honasa will incorporate a wholly-owned subsidiary, 'Honasa Health Private Limited,' to manage its new B2C nutraceuticals operations.

Batliboi Ltd has announced the acquisition of 100% equity share capital of Penta Automation Systems Private Limited and its group company, Pats Robotics Private Limited, for INR 20 crore. Penta, a profitable specialized provider of customized industrial automation solutions and robotics integration services, reported combined revenue of INR 25.17 crore in FY2025-26. This acquisition aims to accelerate Batliboi's growth strategy by entering the high-growth industrial automation and robotics segment, diversifying its business, and leveraging complementary capabilities. The transaction involves upfront and deferred cash consideration, with Penta's founders continuing to lead operations for five years.

Concord Enviro Systems Ltd has announced the newspaper publication of the Notice of Hearing for a Scheme of Arrangement with its shareholders. The petition for this Scheme, filed under Sections 230, 52, and 66 of the Companies Act, 2013, has been admitted by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench. A hearing for the sanction of the aforesaid Scheme is scheduled for July 23, 2026. This represents a procedural step in the corporate restructuring process.

SVA India Ltd has increased its shareholding in Aussee Oats Milling Private Limited, a Sri Lankan company manufacturing oats and oat-based products, from 50% to 100%. This makes Aussee Oats Milling a Wholly Owned Subsidiary (WOS) of SVA India Ltd, effective June 23, 2026. The acquisition, for cash consideration based on valuation reports, fully consolidates Aussee Oats, which had a turnover of USD 14.78 million in FY 2025-26. Although a related party transaction due to a common director, it was conducted at arm's length.

Nephrocare Health Services Ltd's overseas step-down wholly-owned subsidiary, Nephrocare Health Care Services, Philippines Inc., has acquired identified assets relating to a dialysis center in Ipil, Zamboanga Sibugay, Philippines. The acquisition was made through an Asset Transfer Agreement dated June 22, 2026, with Pag-Asa Dialysis And Diagnostic Center, for a total consideration of PhP 80,640,000. This strategic move expands the company's operational footprint in the international market.

Gayatri Highways Ltd (GHL) has announced an update regarding its previously disclosed acquisition of 23.00% equity shares in HKR Roadways Limited from Kotak Special Situations Fund. The indicative completion timeline for this acquisition has been extended from June 30, 2026, to on or before September 30, 2026. This extension is necessary for HKR Roadways Limited to comply with certain conditions outlined in the Securities Purchase Agreement. All other terms of the acquisition, which GHL expects to be beneficial for its future growth in the infrastructure industry, remain unchanged.

Purple Finance Ltd announced the receipt of the final Letter of Offer from Mark Corporate Advisors Private Limited for an open offer. Acquirers Allied Commodities Private Limited, Mr. Sandeep Jindal, and Two Infinity Partners, along with Persons Acting in Concert (PACs), intend to acquire up to 1,76,48,152 equity shares, representing 26.00% of the company's emerging voting capital, at an offer price of ₹55.00 per share, payable in cash. The Reserve Bank of India has granted its prior approval for this acquisition and change in control.

Allied Commodities Private Limited, along with other acquirers and PACs, has launched an open offer to acquire up to 1,76,48,152 equity shares, representing 26.00% of Purple Finance Ltd's emerging voting capital. The offer price is ₹55.00 per equity share, payable in cash, in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The Reserve Bank of India has granted prior approval for this acquisition and the associated change in control. This is a non-conditional offer and not subject to any minimum level of acceptance.

Hubtown Ltd has announced that its equity shareholders and unsecured creditors have approved two schemes of arrangement for the merger of Saicharan Consultancy Private Limited (SCPL) and 25 West Realty Private Limited with Hubtown. The merger with SCPL will consolidate Hubtown's ownership in Rare Townships Private Limited, increasing its revenue share in the 'Rising City' project by 21.17%. The integration of 25 West Realty will bring in a super-luxury residential project '25 West' with an expected total revenue of ₹6,000 crores. These strategic initiatives aim to strengthen the company's revenue, profitability, and market position, subject to NCLT and other regulatory approvals.

GTPL Hathway Ltd has entered into a Business Transfer Agreement to acquire the Cable Television Business of seven ACT Group companies for an aggregate cash consideration of Rs. 36.23 crore. This strategic acquisition, expected to be completed by September 15, 2026, will add approximately 6.00 lakh cable TV subscribers across Andhra Pradesh, Telangana, Orissa, and Karnataka. The acquired businesses had a combined turnover of approximately Rs. 164.29 crore in FY2025-26. This transaction is part of GTPL's expansion strategy, does not involve related parties, and requires no governmental or regulatory approvals.

Maximus International Ltd announced its Board approved acquiring a 40% equity stake in Quebec Petroleum Resources Limited for Rs. 18.43 crore in cash. Quebec is a Vadodara-based manufacturer and distributor of lubricants and petroleum products, reporting Rs. 184.73 crore turnover in FY25. This strategic acquisition marks Maximus International's entry into India's domestic lubricant market, providing an established manufacturing base, diversified product portfolio, and distribution network to complement its existing Middle East and Africa export operations, aiming for long-term value creation.

Mr. Gulshankumar Vijaykumar Chopra has made an open offer to acquire up to 1,55,20,529 equity shares (26.00% of the voting share capital) of Niraj Cement Structurals Ltd at a price of Rs. 29 per share. This Detailed Public Statement complies with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The target company has shown consistent growth in total revenue and net income over the past three fiscal years, up to March 2026. This event indicates a potential strategic consolidation of ownership.