Search For "demerger"
Tata Motors PV sees revenue drop by 13.5% in Q2 FY26, net profit touched R
Updated : 3 months, 4 weeks ago IST
According to an exchange filing by Tata Motors, the company's consolidated revenues stood at Rs 72.3K crore, down 13.5 per cent, while EBIT was at a loss of Rs 4.9K crore. The quarter also reported a PBT (bei) loss of Rs 5.5K crore.
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BVK Group Completes Takeover of GKD India to Operate as WMW Industries
Updated : 5 months, 1 week ago IST
Jaipur (Rajasthan) [India], August 29: BVK Group, a leading Indian conglomerate in advanced industrial woven mesh and filtration solutions, and GKD Group, global market and technology leader in technical mesh and filtration solutions for industry and architecture, have officially announced t
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STL successfully completes the demerger of its Global Services Business
Updated : 11 months, 2 weeks ago IST
Mumbai (Maharashtra) [India], April 1: STL(NSE: STLTECH), a leading optical and digital solutions company, has completed the demerger of its Global Services Business. The services business will transition from Sterlite Technologies (STL) to STL Networks under the brand name 'Invenia'. This m
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ITC Hotels to get listed on January 29 as part of ITC demerger
Updated : 1 year, 1 month ago IST
In 2024, ITC had decided to demerge its hotel business into a separate listed company, aimed at unlocking value for shareholders.
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Indian hospitality sector eyes Rs80 billion boost as four new players gear
Updated : 1 year, 3 months ago IST
Additionally, ITC Hotels is preparing for a demerger in Q4 FY25, further diversifying the sector's public representation.
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Hercules Hoists Limited Transforms Through Strategic Demerger: Introducing
Updated : 1 year, 5 months ago IST
New Delhi [India], October 9: In a strategic move, Hercules Hoists Limited (HHL) has undergone a significant transformation, resulting in the formation of two independent entities: HHL and Indef Manufacturing Limited (IML). As of October 1, 2024, this demerger marks a pivotal moment for both
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Board of Gujarat gas approves merger/demerger plans involving GSPL and GSP
Updated : 1 year, 6 months ago IST
Gujarat State Petronet Limited (GSPL) has approved a significant restructuring plan that will see the merger of Gujarat State Petroleum Corporation (GSPC), GSPL, and GSPC Energy Limited (GEL) into Gujarat Gas Limited (GGL).
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Adani Energy Solutions raises USD 1 bn in record Qualified Institutional P
Updated : 1 year, 7 months ago IST
The QIP, which is AESL's first equity raise since its demerger and listing from Adani Enterprises Limited (AEL) in July 2015, was launched post-market hours on 30 July 2024. The initial base deal size was set at Rs 5,861 crore (USD 700 million), with a green shoe option allowing for an incre
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Adani Enterprises board approves demerger of food FMCG business; to integr
Updated : 1 year, 7 months ago IST
The food FMCG business has become self-sustained, performing well, and poised for further growth under Adani Wilmar, the Adani Group said in a statement as it announced the demerger.
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Financial bids for IDBI bank likely this fiscal; PSU banks sale on hold: D
Updated : 1 year, 7 months ago IST
Pandey said, "We have to do it through a two-stage bidding process, where in the first stage we bring Expression of Interest (EoI) and thereafter they are taken to due diligence. You have to negotiate the share purchase agreements, and then go for financial bidding. Before that, there could
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For every share of Vedanta shareholders to get 1 share each of the 5 demer
Updated : 1 year, 7 months ago IST
Indian mining company Vedanta Limited has announced that it has received approval from 75 per cent of its secured creditors to proceed with its demerger scheme.
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STL crosses a key milestone towards its Global Services Business demerger
Updated : 1 year, 8 months ago IST
Columbia (South Carolina) [US], July 12: STL (NSE: STLTECH), a leading optical and digital solutions company today announced that it has achieved a significant milestone towards its Global Services Business (GSB) demerger, receiving approval from its shareholders, including secured and unsec
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