M & A Critique - November 2021

YET ANOTHER RESTRUCTURING TO UNLOCK VALUE OF TAN BUSINESS BY DEEPAK FERTILISERS

\"The merger and demerger transaction should simplify the corporate structure and segregate the Crop Nutrition Business and Technical Ammonium Nitrate Business to focus and grow separately\"

Rejection of Scheme By NCLT: Objection of Regional Director on grounds of non-compliance

Hotel City Plaza Private Ltd [\"Appellant 1\" or Petitioner Company 1 or \"Transferor Company\") Trivandrum Apollo Towers Private Ltd] [ \"Appellant 2\" or Petitioner Company 2 or \"Transferee Company\") have preferred appeal (Company Appeal (AT) (CH) No. 28 of 2021) before Hon'ble NCLAT Chennai Bench against order dated 05.02.2021 in TCAA/4/KOB/2019 & TCAA/5/KOB/2019 passed by Hon'ble NCLT Kochi Bench dismissing scheme of merger on basis of objection raised by Regional Director, Ministry Of Corporate Affairs.

FINANCIAL & LENDING BUSINESS

Career Point: Baby (side business) becomes larger than the primary business

NCLAT Judgement - On Obtaining Consent of Creditors in case of Scheme of Arrangement between Company and its Shareholders.

\"As far as citations of various judgments are concerned, it is not appliable as the health of each company varies\"

COMMITTEE OF CREDITORS

Whether Committee of Creditors consider a new Resolution Plan of a party, who was not a part of the CIRP, after approval of Resolution Plan by Adjudicating Authority

Rossell India to list its demerged Aerospace & Defence Division

\"The overall re-structuring is divided in 2 stages. One to streamline the promoter holding in RIL & second to separate its growing Techsys Business\"

Rational or Madness: Edtech Acquisition Spree

EdTech companies seem to be in spree for expanding their operations through acquisitions. EdTech was one of the biggest beneficiaries of digitalisation and work from home. With the digital revolution coupled with covid-19 crises, EdTech changed its dynamics.

Hercules Hoists decides to demerge its operating business

Apart from its operating business, lot of old Indian listed companies also house investments in the form of equity shares of other group entities. Over the years, these investments reach a sizable size and peculiarly the returns on investment does not commensurate with the returns generated by the operating businesses. To streamline corporate structure & returns, these companies finally evaluating an option to separate these investments from the core businesses.

TATA STEEL

ONE TATA STEEL: Way to India's fully integrated steel and steel products Company

DEMERGER

CES Ltd's demerger scheme benefits whom out of all stakeholders?