Latest Announcements

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.

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 Limited has obtained requisite approvals from its equity shareholders and unsecured creditors for two Schemes of Arrangement to merge Saicharan Consultancy Private Limited (SCPL) and 25 West Realty Private Limited (25 West) into Hubtown. The SCPL merger consolidates Hubtown's ownership in its subsidiary's 'Rising City' project, increasing its revenue share by 21.17%. The 25 West merger integrates a super-luxury residential project expected to generate approximately ₹6,000 crores in revenue. These strategic initiatives aim to strengthen Hubtown's revenue base, profitability, and market position through asset consolidation, pending final NCLT and other regulatory approvals.

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.

GTPL Hathway Limited has signed a Business Transfer Agreement to acquire the Cable Television Business of seven companies belonging to the ACT Group for a cash consideration of Rs. 36.23 crore. This strategic acquisition will add approximately 6.00 lakh cable television subscribers across Andhra Pradesh, Telangana, Orissa, and Karnataka, significantly expanding GTPL's market presence. The transaction is not a related party deal and requires no governmental approvals, with completion expected by September 15, 2026.

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.

Batliboi Ltd. has announced the acquisition of 100% of Penta Automation Systems Private Limited for an aggregate equity value of approximately INR 19.8 crores. Penta, along with its proposed wholly-owned subsidiary Pats Robotics Private Limited, is engaged in industrial automation and robotics integration, generating a combined revenue of INR 25.17 crores in FY25-26. The acquisition is a strategic move to diversify Batliboi's business portfolio and expand into the complementary industrial automation sector, with completion expected by July 31, 2026.

Batliboi Limited's Board has approved the acquisition of 100% of Penta Automation Systems Private Limited, which includes its subsidiary Pats Robotics Private Limited. The acquisition, valued at approximately INR 19.8 crores, is a strategic move to enter and scale in the industrial automation and robotics integration space, diversifying Batliboi's business portfolio. The combined revenue of Penta Group for FY 2025-26 was INR 25.17 crores, and the transaction is expected to be completed by July 31, 2026.

Maximus International Ltd has executed a Share Purchase Agreement to acquire a 40% equity stake in Quebec Petroleum Resources Limited, a Vadodara-based company with over 20 years of presence in lubricants manufacturing and petroleum products distribution. The acquisition aims to enhance Maximus's market position and product portfolio. The transaction involves Mr. Aniruddh Gandhi, a director and substantial beneficial owner of Maximus, making it a related party transaction, though it is stated to be undertaken on an arm's length basis.

Bharti Airtel has completed the acquisition of an additional 16.3% stake in its UK-listed subsidiary, Airtel Africa, from Indian Continent Investment Limited (ICIL), thereby increasing its effective ownership to approximately 79%. In consideration for this acquisition, Bharti Airtel preferentially allotted 146,761,335 fully paid-up equity shares to ICIL. Consequently, ICIL now holds about 3.25% of Bharti Airtel's expanded post-issue equity share capital, and the company's paid-up equity capital has increased.

Bharti Airtel Limited has completed the acquisition of a 16.3% stake in its UK-listed subsidiary, Airtel Africa plc, from Indian Continent Investment Limited (ICIL) on June 22, 2026. This transaction increases Bharti Airtel's effective stake in Airtel Africa to approximately 79%. In consideration for the stake, the company's Special Committee of Directors approved the preferential allotment of 146,761,335 fully paid-up equity shares to ICIL. As a result, ICIL now holds approximately 3.25% of Bharti Airtel's total post-issue equity share capital, and the company's paid-up equity share capital has increased.

IP Rings Ltd has signed a Business Transfer Agreement with its 50% owned Joint Venture, IPR Eminox Technologies Private Limited, to purchase its manufacturing division of Exhaust After Treatment Systems through a slump sale for Re. 1. This division had a turnover of Rs. 39 Crores in FY25-26. IP Rings will take over assets worth Rs. 2.67 Crores and working capital of Rs. 2.08 Crores, along with bank liabilities of Rs. 3.45 Crores. The transaction, a related party deal, is deemed to be at arm's length based on a valuer's report, and also includes a Licensing and Technical Support Agreement.

Lloyds Engineering Works Limited has scheduled an Extra Ordinary General Meeting (EGM) on July 15, 2026, with a record date of July 8, 2026. The EGM will be conducted virtually via Video Conference/Other Audio-Visual Means. The primary agenda for the meeting is to approve the acquisition of a controlling stake in Steel Infra Solutions Company Limited. This acquisition will be facilitated through a swap of equity shares via preferential allotment, meaning it will be a non-cash consideration.

LLOYDS ENGINEERING WORKS LIMITED has announced an Extraordinary General Meeting (EGM) scheduled for July 15, 2026, to be held via Video Conference. The EGM's main agenda is to seek shareholders' approval for the acquisition of a controlling stake in Steel Infra Solutions Company Limited. This acquisition will be implemented through a share swap via preferential allotment of equity shares, rather than a cash consideration.

Polyplex Corporation Limited announced that its step-down subsidiary, Polyplex (Thailand) Public Company Limited (PTL), has received an intimation regarding a tender offer. AGPH (Thailand) Ltd., a wholly-owned subsidiary of AGP Holdco Limited (a 24.28% shareholder in Polyplex Corporation), intends to acquire all ordinary shares of PTL at THB 15.00 per share. This offer values PTL at approximately THB 13.5 billion, and the official tender offer filing is expected by June 29, 2026. This development suggests a potential divestment or change of control for PTL.

Lloyds Engineering Works Ltd has announced an Extra Ordinary General Meeting (EGM) scheduled for July 15, 2026, to be conducted virtually. The primary agenda item for the EGM is to obtain shareholder approval for the acquisition of a controlling stake in Steel Infra Solutions Company Limited. This acquisition will be facilitated by a swap of equity shares through a preferential allotment, indicating a non-cash transaction. The announcement also provides details regarding the remote e-voting process for shareholders, with July 8, 2026, set as the cut-off date for eligibility.

Lloyds Engineering Works Ltd is convening an Extra Ordinary General Meeting (EGM) on July 15, 2026, to secure shareholder approval for a significant strategic move. The main item on the agenda is the acquisition of a controlling stake in Steel Infra Solutions Company Limited. This transaction will be executed through a swap of equity shares via a preferential allotment, indicating a non-cash consideration for the acquisition. The EGM will be held virtually, adhering to current regulatory guidelines for shareholder meetings.