Lemon Tree Hotels has signed its newest property, Lemon Tree Hotel, Civil Lines, Ayodhya. The property is expected to open in FY 2028 and shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. Ayodhya, a city steeped in divine history, is a cornerstone of the Hindu faith, located in Uttar Pradesh, India. As the birthplace of Lord Ram, one of Hinduism's most revered deities, Ayodhya holds immense spiritual significance. The city's sacred temples and rituals are deeply rooted in tradition, making it a captivating destination for pilgrims and travellers seeking a profound connection to India's rich heritage.
Nazara Technologies’ wholly owned subsidiary -- Nazara Technologies UK (Nazara UK) has completed the acquisition of 100% of the issued share capital of Fusebox Games (Fusebox) for an aggregate consideration of GBP 21,181,231, on August 23, 2024. Nazara UK now holds 100% of the issued share capital of Fusebox and accordingly, Fusebox has become the wholly owned subsidiary of Nazara UK and stepdown subsidiary of the Company.
KPI Green Energy’s wholly owned subsidiary -- M/s. Sun Drops Energia has received Letters of Intent (LoIs) for executing solar power projects with a cumulative capacity of 13.30 MW under the ‘Captive Power Producer (CPP)’ business segment of the Company. The projects are scheduled to be completed in the financial year 2024-25, in various tranches as per the terms of the order
Exhicon Events Media Solutions has acquired a 76% majority stake in Perfect Octave for a total consideration of Rs 8.52 crore. The acquisition will be executed through a mix of cash and equity, with Exhicon paying Rs 51 lakh in cash and issuing 2,00,459 equity shares at Rs 400 per share. This transaction is subject to the necessary approvals from the Board, exchange, and relevant authorities. The company's 8th subsidiary acquisition since its listing continuously showcases its strategic initiatives to be the leader of the Events & Exhibitions industry.
Ucal has signed a Memorandum of Understanding (MoU) with Blaer Motors, one of the specialist companies in designing and development of hybrid drivetrain solutions, to collaborate in leveraging their combined expertise and resources towards designing and development of electronic component the Motor Controller ranging from 500 watts to 2 Kilo watt meeting the needs of the customers of UCAL and to expand market reach and synergising the competencies, resources of each other's organisation.
Muthoot Capital Services has received approval from the debenture issue and allotment committee of the Board of Directors for issue and allotment of Non-Convertible Debentures (NCDs) up to Rs 50 crore on Private Placement basis within the limits for issue and allotment as approved by the Board. Deemed Date of allotment will be August 30, 2024. The maturity of the said NCDs will be on February 28, 2026.
Wheels India has received approval to acquire upto 45.06% in the equity share capital of M/s. O2 Renewable Energy XXVI, Maharashtra (O2 Renewable Energy), a renewable power generating Company. The objective of acquisition is to procure Renewable Power under Captive generation scheme. In order to optimize the consumption of renewable energy, the Board of Directors of the Company at their meeting held on August 23, 2024, inter-alia, approved the acquisition.
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