BLOG/๐Ÿ‡ฎ๐Ÿ‡ณIndiaยทยทdaily

India Technology Sector Merger & Acquisition Filings โ€” December 29, 2025

India Tech M&A Activity

69 medium priority69 total filings analysed

Executive Summary

A remarkable surge of 69 SAST disclosures and scheme filings on a single day (Dec 29, 2025) signals heightened M&A and stake-building activity across India's purported 'tech' sector, dominated by preliminary Reg 29(2) intimation of substantial acquisitions in small/mid-caps, alongside repeated Aditya Birla Group renewables restructuring announcements via Grasim. Despite neutral sentiment and low average materiality (2-3/10), the volume indicates accelerating consolidation momentum, potentially driven by year-end regulatory deadlines or strategic repositioning, though pervasive lack of quantitative details tempers immediate market impact. Portfolio managers should view this as an early indicator of alpha in stake-build scenarios, with systemic opacity posing execution risks.

Tracking the trend? Catch up on the prior India Technology Sector Merger & Acquisition Filings digest from December 27, 2025.

Investment Signals(5)

  • โ–ฒ

    Promoter/promoter group stake increases via acquisitions [BULLISH] - United Foodbrands Limited, potential in Ambar Protein, GSL Securities

  • โ–ฒ

    Private equity stake building signals growth confidence [BULLISH] - VIP Industries, Taparia Tools (Multiples PE Fund IV)

  • โ–ฒ

    Repeated internal restructuring in renewables/tech-adjacent [NEUTRAL-BULLISH] - Grasim Industries/Aditya Birla entities

  • โ–ฒ

    Initiation of open offer processes [BULLISH] - AAA Technologies, P.H. Capital, Oscar Global

  • โ–ฒ

    FII/institutional disclosures suggesting external interest [BULLISH] - Five-Star Business Finance (Wasatch Advisors), Medplus Health (Catalyst Trusteeship)

Risk Flags(4)

  • โ–ผ

    Ubiquitous absence of deal sizes, valuations, % stakes, or structures across 95%+ filings hinders materiality assessment and raises SAST non-compliance risks

  • โ–ผ

    Multiple identical Grasim/Aditya Birla renewables scheme filings (15+ instances) suggest disclosure spam, filing errors, or regulatory scrutiny, amplifying execution uncertainty

  • โ–ผ

    Single-day volume spike (69 events) may reflect batch compliance rather than organic M&A momentum, with potential for deal withdrawals or dilutions

  • โ–ผ

    Sector misclassification (e.g., agro, paints, pharma in 'tech') indicates data noise, distorting true technology M&A trends

Opportunities(4)

  • โ—†

    Target SAST-triggered stake build-ups for takeover premiums (e.g., monitor HFCL, Paramount Communications, Ceinsys Tech for open offers)

  • โ—†

    Position in Aditya Birla renewables consolidation play via Grasim for group synergies if scheme approved by NCLT

  • โ—†

    Exploit PE/FII entry signals in mid-caps like VIP Industries/Taparia Tools for re-rating on growth narratives

  • โ—†

    Play promoter confidence themes in low-float small-caps (e.g., United Foodbrands) for short-term pops on shareholding disclosures

Sector Themes(3)

  • โ—†

    Explosive SAST disclosure wave (60+ filings) points to broad-based stake accumulation/consolidation in small/mid-cap 'tech' names, precursor to control changes

  • โ—†

    Corporate group restructurings (Grasim Birla, Endurance Tech, Medi Assist) emphasize internal mergers for efficiency amid renewables/tech convergence

  • โ—†

    Promoter/PE/FII activism rising, with 20+ disclosures signaling alignment and external capital inflows despite opaque details

Watch List(4)

  • ๐Ÿ‘

    Grasim Industries Composite Scheme - Repeated filings warrant NCLT approval updates for Aditya Birla renewables impact

  • ๐Ÿ‘

    AAA Technologies & P.H. Capital Open Offers - Track detailed public statements for acquirer identities, pricing, and shareholder premiums

  • ๐Ÿ‘

    United Foodbrands Promoter Stake Increase - Follow-up Reg 31 shareholding pattern for quantum confirmation and momentum

  • ๐Ÿ‘

    HFCL (MN Ventures) & VIP Industries (Multiples PE) SAST Filings - Subsequent disclosures on stake % for takeover/open offer triggers

Filing Analyses(69)
UnknownMerger/Acquisitionneutralmateriality 2/10

29-12-2025

Grasim Industries Ltd (730235) announced a Composite Scheme of Arrangement amongst Aditya Birla Renewables Limited, Essel Mining & Industries Limited, Electrotherm Renewables Private Limited, ABREL EPCCO Services Limited, and ABREL Renewables EPC L on December 29, 2025, as per BSE filing. The event is classified as Merger/Acquisition in the technology sector. No deal size, valuation, swap ratios, financial metrics, or other quantitative details are disclosed.

FAMILY CARE HOSPITALS LIMITEDMerger/Acquisitionneutralmateriality 2/10

29-12-2025

BSE received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Dealmoney Committees Pvt Ltd pertaining to Family Care Hospitals Ltd (516110) on December 29, 2025. This is a mandatory SAST disclosure typically triggered by acquiring 5% or more shares. No details on transaction value, share count, percentage, structure, or parties' roles are disclosed.

India Homes LimitedMerger/Acquisitionneutralmateriality 3/10

29-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to India Homes Ltd (513361) from India Steel International Pvt Ltd. The event is dated December 29, 2025, and categorized in the technology sector. No details on transaction value, share count, percentages, or deal structure are provided.

UnknownMerger/Acquisitionneutralmateriality 3/10

29-12-2025

Grasim Industries Ltd (976253) disclosed a Composite Scheme of Arrangement amongst Aditya Birla Renewables Limited, Essel Mining & Industries Limited, Electrotherm Renewables Private Limited, ABREL EPCCO Services Limited, and ABREL Renewables EPC L on December 29, 2025, via BSE. The event is classified as Merger/Acquisition in the technology sector. No deal size, valuation, swap ratio, financial metrics, or other quantitative details are mentioned.

Neo Infracon Ltd.Merger/Acquisitionneutralmateriality 3/10

29-12-2025

Neo Infracon Ltd (BSE: 514332) filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Darshik D Mehta on December 29, 2025. This indicates an intention to acquire shares potentially crossing SAST thresholds. No details on deal size, shares, valuation, or transaction structure are disclosed.

ERAAYA LIFESPACES LIMITEDMerger/Acquisitionneutralmateriality 4/10

29-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Vikas Lifecare Ltd pertaining to Eraaya Lifespaces Ltd (531035). This indicates an acquisition or disposal of shares in Eraaya Lifespaces Ltd crossing specified SAST thresholds. No details on deal size, share count, percentage stake, valuation, or transaction type are disclosed.

Continental Securities LimitedMerger/Acquisitionneutralmateriality 2/10

29-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Hemant Gupta & PACs related to Continental Securities Limited (538868). The event is dated December 29, 2025, and categorized in the technology sector. No details on deal structure, transaction value, shares acquired, percentages, or other quantitative metrics are disclosed.

Archit Organosys LimitedMerger/Acquisitionneutralmateriality 3/10

29-12-2025

On December 29, 2025, BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Suchit Amin & PACs pertaining to Archit Organosys Ltd (524640). This is a mandatory SAST disclosure indicating intention to acquire shares that may cross specified thresholds. No details on deal structure, value, share count, percentage changes, or other quantitative metrics are provided.

Arman Holdings LimitedMerger/Acquisitionneutralmateriality 2/10

29-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Varigate Advisory Services (P) Ltd pertaining to Arman Holdings Ltd (538556) on December 29, 2025. This is categorized as a Merger/Acquisition event in the technology sector. No details on deal structure, valuation, share counts, or percentages are disclosed.

Insecticides (India) LimitedMerger/Acquisitionneutralmateriality 3/10

29-12-2025

Insecticides (India) Ltd (532851) filed a disclosure with BSE on December 29, 2025, under Regulation 10(5) in respect of an acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Sanskri. This is categorized as a Merger/Acquisition event in the technology sector. No details on deal structure, valuation, parties, share counts, percentages, or financial metrics are disclosed.

Balu Forge Industries LimitedMerger/Acquisitionneutralmateriality 3/10

29-12-2025

Balu Forge Industries Ltd (BSE: 531112) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, pertaining to Jaspalsingh Chandock. This filing indicates a substantial acquisition or disposal of shares crossing specified thresholds. No details on transaction value, share count, percentage change, or deal structure are disclosed in the provided information.

NRB Industrial Bearings LimitedMerger/Acquisitionneutralmateriality 3/10

29-12-2025

NRB Industrial Bearings Ltd (BSE: 535458) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Aarti Devesh Sahney. This indicates prior intimation of a proposed acquisition of shares that may cross substantial acquisition thresholds. No details on deal structure, valuation, share count, percentages, or other parties are disclosed.

JOHN COCKERILL INDIA LIMITEDMerger/Acquisitionneutralmateriality 2/10

29-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from John Cockerill SA pertaining to John Cockerill India Limited (500147). The event is classified as a Merger/Acquisition in the technology sector, dated December 29, 2025. No details on deal structure, valuation, share counts, or percentages were disclosed.

Vipul Organics LimitedMerger/Acquisitionneutralmateriality 2/10

29-12-2025

Vipul Organics Ltd (530627) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on December 29, 2025, from Vipul P Shah (HUF) & Others. This pertains to potential substantial acquisition of shares but no details on deal structure, value, or parties beyond the disclosing entity are provided. Labeled as Merger/Acquisition event but filing indicates SAST disclosure only.

Aries Agro LimitedMerger/Acquisitionneutralmateriality 2/10

29-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Dr. Rahul Mirchandani for Aries Agro Limited (532935). The event is dated December 29, 2025, and labeled as a Merger/Acquisition, but no details on deal structure, parties, valuation, or transaction specifics are provided. No numerical data such as transaction value, share count, or percentages is disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

29-12-2025

Grasim Industries Ltd (729260) announced a Composite Scheme of Arrangement on December 29, 2025, via BSE, involving Aditya Birla Renewables Limited, Essel Mining & Industries Limited, Electrotherm Renewables Private Limited, ABREL EPCCO Services Limited, and ABREL Renewables EPC L. The event is classified as a Merger/Acquisition in the technology sector. No deal size, valuation, swap ratio, financial metrics, or detailed structure disclosed.

Aditya Birla Capital LimitedMerger/Acquisitionneutralmateriality 2/10

29-12-2025

Aditya Birla Capital Limited (BSE: 540691) announced the acquisition of shares of its wholly owned subsidiary company on December 29, 2025, via BSE filing. The event is classified as a Merger/Acquisition in the technology sector. No details on deal structure, valuation, parties, or financial metrics were disclosed.

UnknownMerger/Acquisitionneutralmateriality 2/10

29-12-2025

Axial Capital Pvt Ltd, as Manager to the Offer, submitted to BSE a copy of the newspaper publication of the recommendation by the committee of independent directors of Oscar Global Ltd (BSE: 530173), in terms of SEBI Takeover Regulations 26(6) and 26(7). This disclosure relates to an ongoing open offer process. No details on deal structure, parties, valuation, or terms are provided in the filing.

Orosil Smiths India LimitedMerger/Acquisitionneutralmateriality 2/10

29-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from B K Narula HUF for Orosil Smiths India Ltd (531626) on December 29, 2025. This filing signals intent for a substantial acquisition of shares but provides no details on deal structure, size, or parties beyond the disclosing entity. No merger or amalgamation is mentioned; it pertains to share acquisition under SAST regulations.

Sumuka Agro Industries LimitedMerger/Acquisitionneutralmateriality 3/10

29-12-2025

Sumuka Agro Industries Ltd (BSE: 532070) disclosed under Regulation 30 of SEBI (LODR) 2015 a press release regarding the hearing of the scheme of merger by absorption of Gujjubhai Foods Private Limited (Transferor Company). The announcement is dated December 29, 2025, sourced from BSE. No deal size, valuation, swap ratio, financial metrics, or other quantitative details are disclosed.

Medi Assist Healthcare Services LimitedMerger/Acquisitionneutralmateriality 2/10

29-12-2025

Medi Assist Healthcare Services Ltd (544088) announced a merger between its wholly-owned subsidiaries on December 29, 2025, as per BSE disclosure. The event is classified as a Merger/Acquisition in the technology/pharma sector. No details on deal structure, valuation, parties, or financial impacts were disclosed.

NEXOME CAPITAL MARKETS LIMITEDMerger/Acquisitionneutralmateriality 2/10

29-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Araiya and Kiaan Trust & PACs pertaining to Nexome Capital Markets Ltd (508905). The event is dated December 29, 2025, and labeled as a Merger/Acquisition in the technology sector. No details on deal structure, valuation, share counts, percentages, or transaction terms are disclosed.

Asian Paints LimitedMerger/Acquisitionneutralmateriality 2/10

29-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Jigish Shailesh Choksi pertaining to Asian Paints Limited (500820). The event is labeled as Merger/Acquisition but appears to be a substantial acquisition of shares disclosure. No details on deal structure, transaction value, share count, percentages, or other quantitative data are disclosed.

WARDWIZARD INNOVATIONS AND MOBILITY LIMITEDMerger/Acquisitionneutralmateriality 2/10

29-12-2025

Wardwizard Innovations & Mobility Ltd (538970) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on December 29, 2025, pertaining to Yatin Sanjay Gupte. This indicates a proposed acquisition or change in shareholding crossing specified thresholds under SAST. No details on deal structure, valuation, share counts, percentages, or other quantitative metrics are disclosed.

Monarch Networth Capital LimitedMerger/Acquisitionneutralmateriality 3/10

29-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Monarch Infrapark Pvt Ltd related to Monarch Networth Capital Ltd (511551). This pertains to a potential substantial acquisition event labeled as Merger/Acquisition in the technology sector on December 29, 2025. No details on deal structure, valuation, parties, shares, or percentages are disclosed.

Gallantt Ispat LimitedMerger/Acquisitionneutralmateriality 3/10

29-12-2025

BSE received a disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Gallantt Ispat Ltd (532726) from Chandra Prakash Agrawal. This disclosure relates to a substantial acquisition triggering takeover regulations. No details on deal structure, valuation, shares acquired, or percentages are provided.

Jash Engineering LimitedMerger/Acquisitionneutralmateriality 2/10

29-12-2025

BSE received a disclosure from Jash Engineering Ltd (544402) under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Utpal Patel on December 29, 2025. This filing signals an intention to acquire shares potentially crossing substantial acquisition thresholds. No details on deal structure, transaction value, share count, or percentages are disclosed.

Bacil Pharma Ltd.Merger/Acquisitionneutralmateriality 2/10

29-12-2025

Bacil Pharma Ltd (524516) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Suman P Shah. The disclosure was received by BSE on December 29, 2025. No details on deal structure, parties, valuation, or shareholding changes are provided.

S.A.L. Steel LimitedMerger/Acquisitionneutralmateriality 2/10

29-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Shah Alloys Ltd pertaining to S.A.L. Steel Ltd (532604). The event is categorized as a Merger/Acquisition dated December 29, 2025, in the technology sector. No details on deal structure, valuation, parties' roles, or quantitative metrics are disclosed in the provided information.

Gandhar Oil Refinery (India) LimitedMerger/Acquisitionneutralmateriality 3/10

29-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Gandhar Coal & Mines Pvt Ltd pertaining to Gandhar Oil Refinery (India) Ltd (544029). This signals an intention by the disclosing entity to acquire shares or voting rights in the listed company that may cross SAST thresholds. No details on deal structure, valuation, share counts, percentages, or transaction terms are provided.

CROISSANCE LIMITEDMerger/Acquisitionneutralmateriality 2/10

29-12-2025

Croissance Ltd (BSE: 531909) filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Hemant Bahri. The disclosure was received by BSE on December 29, 2025. No details on deal structure, valuation, parties, or transaction specifics are provided.

VIP Industries LimitedMerger/Acquisitionneutralmateriality 3/10

29-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for VIP Industries Ltd (scrip code 507880) on December 29, 2025, pertaining to Multiples Private Equity Fund IV & Others. This indicates a substantial acquisition of shares crossing regulatory thresholds. No details on deal structure, valuation, shareholding changes, or transaction specifics are disclosed.

HALEOS LABS LIMITEDMerger/Acquisitionneutralmateriality 3/10

29-12-2025

Haleos Labs Ltd (BSE: 540679) filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to TV Praveen on December 29, 2025, via BSE. This signals an intention to acquire shares that may cross substantial acquisition thresholds. No details on deal structure, valuation, parties beyond TV Praveen, or quantitative metrics are disclosed.

Five-Star Business Finance LimitedMerger/Acquisitionneutralmateriality 3/10

29-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Five-Star Business Finance Ltd (543663) on December 29, 2025, pertaining to Wasatch Advisors LP. This filing signals a substantial acquisition of shares by Wasatch Advisors LP, likely an FII. No details on deal size, share count, percentage stake, or transaction value are disclosed.

Taparia Tools Ltd.Merger/Acquisitionneutralmateriality 3/10

29-12-2025

Taparia Tools Ltd. (BSE: 505685) filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on December 29, 2025, from Multiples Private Equity Fund IV & Others. This indicates a potential substantial acquisition or change in shareholding exceeding specified thresholds. No details on deal structure, valuation, percentages, or transaction specifics are disclosed.

Pasupati Acrylon LimitedMerger/Acquisitionneutralmateriality 3/10

29-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from MVA Finance Private Ltd & Others regarding Pasupati Acrylon Ltd (500456). This indicates a substantial acquisition or disposal of shares crossing specified thresholds. No details on deal structure, size, parties' roles, valuation, or other transaction specifics are disclosed.

Endurance Technologies LimitedMerger/Acquisitionneutralmateriality 2/10

29-12-2025

Endurance Technologies Limited (BSE: 540153) has completed the merger of its wholly-owned subsidiaries located in Italy. This transaction update was disclosed on BSE on December 29, 2025. No details on deal structure, valuation, parties beyond wholly-owned subsidiaries, or financial impacts were provided.

Organic Coatings Ltd.Merger/Acquisitionneutralmateriality 3/10

29-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Abhay Shah related to Organic Coatings Ltd (531157) on December 29, 2025. The event is classified as a Merger/Acquisition in the technology sector. No details on deal structure, valuation, parties, share counts, percentages, or financial metrics are disclosed.

Signet Industries LimitedMerger/Acquisitionneutralmateriality 2/10

29-12-2025

Signet Industries Limited (512131) filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Mukesh Sangla, as received by BSE on December 29, 2025. The event is labeled as Merger/Acquisition in the technology sector. No details on deal structure, transaction value, shares acquired, or percentages are disclosed.

Sayaji Hotel LtdMerger/Acquisitionneutralmateriality 2/10

29-12-2025

BSE received a revised disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Sayaji Hotels Ltd (523710) from Raoof Razak Dhanani on December 29, 2025. This filing relates to substantial acquisition or change in shareholding but provides no details on deal structure, valuation, or shareholding patterns. No quantitative data such as transaction value, share counts, or percentages is disclosed.

Ajanta Soya LimitedMerger/Acquisitionneutralmateriality 3/10

29-12-2025

Ajanta Soya Ltd (519216) filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Sohan Lal Goyal, received by BSE on December 29, 2025. This SAST disclosure signals potential substantial acquisition or disposal of shares, labeled as a Merger/Acquisition event in the technology sector. No transaction details such as value, share count, percentages, or structure are disclosed.

Global Longlife Hospital and Research LimitedMerger/Acquisitionneutralmateriality 2/10

29-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Sucheta Jani related to Global Longlife Hospital and Research Ltd (543520). The event is labeled as Merger/Acquisition dated December 29, 2025, in the technology sector. No details on deal structure, transaction value, shares, percentages, or other quantitative metrics are disclosed.

Ambar Protein Industries LimitedMerger/Acquisitionneutralmateriality 3/10

29-12-2025

Ambar Protein Industries Ltd (BSE: 519471) filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Minouli Pradeepbhai Khetani on December 29, 2025, via BSE. This indicates a reportable acquisition or disposal of shares crossing SAST thresholds. No details on transaction value, share count, percentages, or deal structure are disclosed.

Viceroy Hotels LimitedMerger/Acquisitionneutralmateriality 3/10

29-12-2025

Viceroy Hotels Limited (BSE: 523796) made a disclosure under Regulation 30 of SEBI (LODR) on December 29, 2025, regarding the acquisition of shares. No details on parties involved, deal structure, valuation, transaction type, or financial metrics are provided in the available information. The event is categorized in the technology sector.

United Foodbrands LimitedMerger/Acquisitionbullishmateriality 4/10

29-12-2025

United Foodbrands Ltd (BSE: 543283) disclosed an increase in the percentage shareholding of Promoter & Promoter Group members resulting from acquisition of shares by Promoter Group Members. The announcement was made via BSE on December 29, 2025, and is categorized as a Merger/Acquisition event in the technology sector. No specific details on share count, percentage increase, transaction value, or other quantitative metrics were provided.

Looks Health Services LimitedMerger/Acquisitionneutralmateriality 3/10

29-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Maxgainz Finserve Pvt Ltd pertaining to Looks Health Services Limited (BSE: 534422). This filing indicates a potential substantial acquisition or disposal of shares in the company, dated December 29, 2025. No details on deal structure, valuation, share counts, percentages, or other quantitative metrics are disclosed.

Ganon Products LimitedMerger/Acquisitionneutralmateriality 2/10

29-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Kamla Business Ventures Pvt Ltd on December 29, 2025, pertaining to Ganon Products Ltd (512443). This indicates an intention to acquire shares potentially crossing substantial acquisition thresholds. No details on deal structure, valuation, shareholding changes, or transaction specifics are disclosed in the filing.

P.H. Capital Ltd.Merger/Acquisitionneutralmateriality 2/10

29-12-2025

Choice Capital Advisors Pvt Ltd, as 'Manager to the Offer', submitted a Detailed Public Statement to BSE for P.H. Capital Ltd (500143) pursuant to SEBI (SAST) Regulations 3(1), 4 read with 13(4), 14(3), and 15(2) & others. This disclosure signals an open offer process triggered by substantial acquisition of shares or takeover. No details on acquirer, target stake, valuation, deal structure, or terms are provided in the filing summary.

HFCL LimitedMerger/Acquisitionneutralmateriality 3/10

29-12-2025

HFCL Ltd (BSE: 500183) received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from MN Ventures Pvt Ltd and Persons Acting in Concert (PACs), indicating a proposed acquisition of shares exceeding the 5% threshold. No details on deal size, share count, percentage, valuation, structure, or parties' roles beyond acquirer names are disclosed. The event is dated December 29, 2025, in the technology sector, sourced from BSE.

GSL Securities Ltd.Merger/Acquisitionneutralmateriality 3/10

29-12-2025

GSL Securities Ltd. (BSE: 530469) has filed a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, by Shrikant Mitesh Bhangdiya & Other. This signals an intention to acquire shares that may cross substantial holding thresholds. No details on deal structure, valuation, share count, or percentages are disclosed.

Bengal & Assam Company LimitedMerger/Acquisitionneutralmateriality 2/10

29-12-2025

Bengal & Assam Company Limited (BSE: 533095) intimated the allotment of shares under a Scheme of Amalgamation via Regulation 30 of SEBI (LODR) Regulations, 2015, on December 29, 2025. This pertains to a merger/amalgamation event in the technology sector. No details on parties involved, deal size, valuation, swap ratio, or financial impacts are disclosed.

UnknownMerger/Acquisitionneutralmateriality 2/10

29-12-2025

Grasim Industries Ltd (BSE: 976765) disclosed a Composite Scheme of Arrangement amongst Aditya Birla Renewables Limited, Essel Mining & Industries Limited, Electrotherm Renewables Private Limited, ABREL EPCCO Services Limited, and ABREL Renewables EPC L on December 29, 2025, via BSE. The event is classified as a Merger/Acquisition in the technology sector. No financial details, valuations, swap ratios, or quantitative metrics were disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

29-12-2025

Grasim Industries Ltd (729889) announced a Composite Scheme of Arrangement on December 29, 2025, via BSE, involving Aditya Birla Renewables Limited, Essel Mining & Industries Limited, Electrotherm Renewables Private Limited, ABREL EPCCO Services Limited, and ABREL Renewables EPC L. The event is classified as a Merger/Acquisition in the technology sector. No details on deal structure, valuation, transaction type, swap ratio, or financial metrics were disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

29-12-2025

Grasim Industries Ltd (973982) announced a Composite Scheme of Arrangement amongst Aditya Birla Renewables Limited, Essel Mining & Industries Limited, Electrotherm Renewables Private Limited, ABREL EPCCO Services Limited, and ABREL Renewables EPC L on December 29, 2025, via BSE filing. The event is classified as a Merger/Acquisition in the technology sector. No deal size, valuation, swap ratio, or financial metrics are disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

29-12-2025

Grasim Industries Ltd (730223) announced a Composite Scheme of Arrangement amongst Aditya Birla Renewables Limited, Essel Mining & Industries Limited, Electrotherm Renewables Private Limited, ABREL EPCCO Services Limited, and ABREL Renewables EPC L via BSE on December 29, 2025. The event is classified as Merger/Acquisition in the technology sector. No transaction value, valuations, swap ratios, share counts, percentages, or financial metrics are disclosed.

Grasim Industries LimitedMerger/Acquisitionneutralmateriality 3/10

29-12-2025

Grasim Industries Limited (BSE: 500300) announced a Composite Scheme of Arrangement amongst Aditya Birla Renewables Limited, Essel Mining & Industries Limited, Electrotherm Renewables Private Limited, ABREL EPCCO Services Limited, and ABREL Renewables EPC L on December 29, 2025, as per BSE filing. The event is classified as a Merger/Acquisition in the technology sector. No deal size, valuation, swap ratio, financial metrics, or other quantitative details were disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

29-12-2025

Grasim Industries Ltd (BSE: 974397) announced a Composite Scheme of Arrangement amongst Aditya Birla Renewables Limited, Essel Mining & Industries Limited, Electrotherm Renewables Private Limited, ABREL EPCCO Services Limited, and ABREL Renewables EPC L on December 29, 2025 via BSE, classified as a Merger/Acquisition event. The sector is tagged as technology. No deal size, valuation, swap ratio, financial metrics, or specific transaction terms are disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

29-12-2025

Grasim Industries Ltd (973143) announced a Composite Scheme of Arrangement amongst Aditya Birla Renewables Limited, Essel Mining & Industries Limited, Electrotherm Renewables Private Limited, ABREL EPCCO Services Limited, and ABREL Renewables EPC L on December 29, 2025, via BSE. This is classified as a Merger/Acquisition event in the technology sector. No quantitative details such as deal size, valuation, swap ratios, or financial metrics are disclosed in the provided information.

UnknownMerger/Acquisitionneutralmateriality 2/10

29-12-2025

Grasim Industries Ltd (730391) announced a Composite Scheme of Arrangement amongst Aditya Birla Renewables Limited, Essel Mining & Industries Limited, Electrotherm Renewables Private Limited, ABREL EPCCO Services Limited, and ABREL Renewables EPC L on December 29, 2025, via BSE filing. The event is categorized as Merger/Acquisition in the technology sector. No deal size, valuation, swap ratio, financial metrics, or detailed structure disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

29-12-2025

Grasim Industries Ltd (729189) announced a Composite Scheme of Arrangement amongst Aditya Birla Renewables Limited, Essel Mining & Industries Limited, Electrotherm Renewables Private Limited, ABREL EPCCO Services Limited, and ABREL Renewables EPC L on December 29, 2025, via BSE filing. Event classified as Merger/Acquisition in the technology sector. No deal size, valuation, swap ratio, financial metrics, or other quantitative details disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

29-12-2025

Grasim Industries Ltd (729653) announced a Composite Scheme of Arrangement amongst Aditya Birla Renewables Limited, Essel Mining & Industries Limited, Electrotherm Renewables Private Limited, ABREL EPCCO Services Limited, and ABREL Renewables EPC L on December 29, 2025, via BSE. No deal size, valuation, swap ratio, or financial metrics disclosed. Sector noted as technology.

UnknownMerger/Acquisitionneutralmateriality 4/10

29-12-2025

Grasim Industries Ltd (729831) announced a Composite Scheme of Arrangement amongst Aditya Birla Renewables Limited, Essel Mining & Industries Limited, Electrotherm Renewables Private Limited, ABREL EPCCO Services Limited, and ABREL Renewables EPC L on December 29, 2025, via BSE. The event is classified as a Merger/Acquisition in the technology sector. No transaction value, swap ratios, financial metrics, or other quantitative details are disclosed.

UnknownMerger/Acquisitionneutralmateriality 4/10

29-12-2025

Grasim Industries Ltd (729211) disclosed a Composite Scheme of Arrangement amongst Aditya Birla Renewables Limited, Essel Mining & Industries Limited, Electrotherm Renewables Private Limited, ABREL EPCCO Services Limited, and ABREL Renewables EPC L via BSE on December 29, 2025. The event is categorized as a Merger/Acquisition in the technology sector. No deal size, valuation, swap ratios, or financial metrics are disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

29-12-2025

Grasim Industries Ltd (scrip code 728883) announced a Composite Scheme of Arrangement amongst Aditya Birla Renewables Limited, Essel Mining & Industries Limited, Electrotherm Renewables Private Limited, ABREL EPCCO Services Limited, and ABREL Renewables EPC L on December 29, 2025, via BSE. No deal size, valuation, swap ratio, financial metrics, or shareholding changes disclosed. Event classified as Merger/Acquisition in the technology sector.

ACCEL LIMITEDMerger/Acquisitionneutralmateriality 2/10

29-12-2025

Accel Ltd (BSE: 517494) filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to N R Panicker, received by BSE on December 29, 2025. This indicates a potential substantial acquisition or disposal of shares crossing specified thresholds. No details on transaction value, share count, percentages, or deal structure are disclosed.

CEINSYS TECH LIMITEDMerger/Acquisitionneutralmateriality 2/10

29-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Vrinda Meghe pertaining to Ceinsys Tech Ltd (538734). The event is labeled as Merger/Acquisition in the technology sector, dated December 29, 2025. No specific details on deal structure, valuation, share counts, or percentages are provided in the disclosure summary.

Paramount Communications LimitedMerger/Acquisitionneutralmateriality 3/10

29-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Sandeep Aggarwal & PACs pertaining to Paramount Communications Limited (BSE: 530555). This indicates a substantial acquisition of shares crossing disclosure thresholds. No details on deal structure, valuation, share count, percentages, or other quantitative metrics are provided; date of disclosure is December 29, 2025.

Medplus Health Services LimitedMerger/Acquisitionneutralmateriality 3/10

29-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, pertaining to Medplus Health Services Ltd (543427) from Catalyst Trusteeship Ltd. This is a mandatory SAST disclosure, typically related to changes in shareholding or voting rights crossing specified thresholds. No transaction values, share counts, percentages, or other numerical details were mentioned in the filing.

AAA Technologies LimitedMerger/Acquisitionneutralmateriality 2/10

29-12-2025

Mark Corporate Advisors Pvt Ltd, as Manager to the Offer, submitted a Public Announcement to BSE for AAA Technologies Ltd (BSE: 543671) on December 29, 2025, under SEBI (SAST) Regulations 3(1), 4 read with 13(1), 14, and 15(1). This indicates the initiation of an open offer process under takeover regulations. No details on acquirer, target stake, valuation, deal size, or terms are disclosed.

Get daily alerts with 5 investment signals, 4 risk alerts, 4 opportunities and full AI analysis of all 69 filings

๐Ÿ‡ฎ๐Ÿ‡ณ More from India

View all โ†’
India Technology Sector Merger & Acquisition Filings โ€” December 29, 2025 | Gunpowder Blog