Page 4 - Material Subsidiary News Today

For lump sum consideration of Rs 2921 croreZydus Animal Health and Investments (ZAHL) a wholly owned material subsidiary of Cadila Healthcare, has entered into a Business Transfer Agreement (BTA) and other Ancillary Agreements (Definitive Agreements) to sell and transfer its Animal Healthcare Established Markets Undertaking (Undertaking or Zydus AH) to Multiples Alternate Asset Management (Multiples) led consortium. Zydus AH is the animal health business of ZAHL focused on India and certain ot...

Aditya Birla Sun Life AMC files DRHP for IPO April 20, 2021 × Aditya Birla Capital Ltd and Sun Life India will together sell up to 13.50% of the paid-up share capital of ABSL AMC via OFS Aditya Birla Sun Life AMC, a material subsidiary of Aditya Birla Capital Limited, has filed a draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering by way of an offer-for-sale of shares. Aditya Birla Capital has approved sale of up to 28,50,880 equity share...

The realty major on Thursday announced that its material subsidiary DLF Cyber City Developers (DCCDL) has completed the acquisition of 51.8% stake in Fairleaf Real Estate for Rs 779.40 crore.Consequently, Fairleaf has become a wholly owned subsidiary of DCCDL. DCCDL had in December 2020 entered into a securities purchase agreement with funds managed by Hines for acquisition of their stake in Fairleaf, which owns and operates One Horizon Centre, Gurugram. One Horizon Centre is an asset forming p...

Ambuja Cements reported 23.64% rise in consolidated net profit to Rs 732 crore on 5.55% rise in net sales to Rs 7350 crore in Q4 December 2020 over Q4 December 2019. The board of directors of ACC has approved the renewal of the existing Master Supply Agreement (MSA) with Ambuja Cements (ACL) for a period of 3 years w.e.f. May 02, 2021, on the same terms of the existing MSA Agreement. DLF said its material subsidiary DLF Cyber City Developers (DCCDL) has completed the acquisition of this 51.8%...

Read more about Board of Mukand approves dissolution of subsidiary MIFZE Dubai on Business Standard. At meeting held on 10 February 2021