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Apple’s Taiwanese supplier Wistron Infocomm Manufacturing India is planning capital infusion and has increased the authorized share capital of the company from Rs 185 crore to Rs 3,000 crore that signals a fresh round of capital infusion into its India unit. Wistron India, at its EGM recently, approved the altered capital clause wherein the authorized share capital of Rs 3,000 crore is divided in 300-crore equity shares with face value of Rs 10, showed a recent Registrar of Companies (RoC) filing. Wistron’s wholly-owned subsidiary SMS Infocomm Singapore has been allocated 10.3 crore shares worth Rs 102.9 crore. An email sent to Wistron on the enhanced authorized share capital didn’t elicit a response. Wistron India, the original equipment manufacturer (OEM) and original...

The securitization and reconstruction firm JM Financial Asset Reconstruction Co. has reportedly been planning lately to acquire majority stakes by converting a part of the debt to equity in the popular Leelaventure Ltd. According to the reports, Leelaventure’s board has approved an enabling resolution and the deal has been confirmed on Monday. Earlier the investment firm had a stake of 26% in the holding company Mumbai-based hotel chain, but after the completion of the deal JM financial will hit the stake percentage of 75% that is the majority stake in the firm. The board of the holding firm has given its consent for issuing up to 125 crore equity shares with the face value of Rs 2 each in one or more tranches to JM financial. JM Financial Asset Reconstruction Company Limited is t...