Sterling Biotech Promoters Gets A Breather As NCLAT Halts Liquidation Process.

In a landmark ruling, the National Company Law Appellate Tribunal (NCLAT) has set aside National Company Law Tribunal NCLT order to liquidate Sterling Biotech.

RIL Sells Stake To Saudi Aramco, Signs JV With BP Plc

In one of the largest foreign investments ever to be made in India, Reliance Industries Ltd (RIL) has decided to sell 20% stake in its oil business to Saudi Aramco, the world's largest oil company producing one in every eight barrels of crude oil globally.

Implications Of Appointed Date In The Scheme Of Merger

Section 232(6) of the Companies Act, 2013 states that the appointed date with respect to a scheme of merger and amalgamation means the date from which the scheme becomes effective.

Impact Analysis Of Bhushan Steel Resolution Plan

Bhushan Steel was under Corporate Insolvency Resolution Process (CIRP) and on May 15, 2018, resolution plan was approved by the NCLT.

Ebix Acquires Yatra To Consolidate Its Position

US software Arm Ebix has acquired Nasdaq-listed Yatra Online Inc to boost its India travel ventures at an enterprise value of $336 million, or Rs 2,350 crore in an all-stock deal.

NCLT Approves Dalmia Cement's Plan To Revive Murli Industries

Murli Industries operations came to a stand-still during FY 15-16

MPS Limited Another Year Of Steady Growth

MPS Limited (“MPS”), a listed pure-play publishing services company, provides platforms and services for content creation, full service production, and distribution to the world's leading publishers, learning companies, corporate institutions, libraries, and content aggregators.

List And Divest: Centre's Idea Behind Merger Of Three General Insurers

In order to make government-owned general insurance companies profitable and achieve economies of scale, finance minister Arun Jaitley in this year's budget announced a plan to merge three insurers – National Insurance, United India Insurance and Oriental Insurance.

Stamp Duty On High Court/NCLT Orders Of Amalgamations Of Companies In Different States

There have been lot of mergers/amalgamations over the years where the transferor and transferee companies are registered in different states and have assets in different states.

Merger Of Four Loss-Making PSU Banks On The Cards

To order to bring in efficiency in the functioning of loss-making public sector banks (PSBs), the government is considering merging at least four such banks because of rising bad loans.

Godrej Group Second Step Towards Value Creation In Agro-chemical Business

The Godrej Group company had first acquired a stake in Astec in August 2015 and increased its holding later that year.

L&T Attempts Hostile Takeover Of Mindtree

The country's largest engineering and construction conglomerate Larsen and Toubro (L&T) has now been cast as an avaricious acquirer after it made hostile bid to take over Bengalure-based I-T services company Mindtree.

Ranbaxy Becomes Sun Pharma's Albatross

One of the key objectives behind this merger was to accelerate growth & create value for the stakeholders.

Airtel: Creating Numero Uno Position In VSAT Business

Very Small Aperture Terminal (VSAT) provides satellite-based telecommunication and internet access to companies and individuals with applications from your direct TV at our homes, ATMs, in-flight services to military usage in the remotest of the location.

Amarjyot-Valiant Organics:Consolidation to Grow

Amarjyot-Valiant Organics:Consolidation to Grow.

Shares With Superior Voting Rights

Tech company shareholders

EYE On Stakeholders: MAX India Group Sells Various Firms To PE Players.

Max India sold its entire 51% stake in Max Bupa Health Insurance Co Ltd to private equity firm True North Fund for over Rs 510 crore.

Will Group Restructuring Do The Trick For Indiabulls?

In a contradictory move to separate two unrelated business & merging other unrelated business, Indiabulls Integrated services announced a group restructuring involving 11 companies by demerging and transferring its Infrastructure Solution Business to the new company.

Income Tax Dues Are Operational Debts Under IBC

The Center has set up National Company Law Tribunal (NCLT) on June 1, 2016 to look in to cases relating to insolvency and bankruptcy of companies, especially those that have a huge bank debt.

Indian Companies Look At South East Asia For M&As

Indian companies are increasingly looking at South East Asian countries for business and mergers and acquisitions (M&As) because there is a good strategic and cultural fit with companies in the region.

Centre Merges Bank Of Baroda, Dena Bank And Vijaya Bank

The government has decided to merger three banks Bank of Baroda, Dena Bank andVijayaBank -- to reduce the amount of capital it needs to put into these banks and help clean their balance sheets.

Tata Global Beverages Acquires All Branded Food Businesses From Tata Chemicals

In a major corporate restructuring, Tata Global Beverages Ltd shall acquire all the branded consumer food businesses from Tata Chemicals Ltd. in an all-stock transaction that is aimed at creating a consumer business company.

RIL's E-Commerce Push: Will Reliance Retail Be The Next Jio?

Reliance Industries Limited (RIL) is a Fortune 500 company and the largest private sector corporation in India.

West Coast Paper Mills Limited

West Coast Paper Mills buys majority stake in International Paper APPM

M&A Finance Strategies For Ad-Tech & Media

Market consolidation has been the feature lately which is the major driving force prompting mergers & acquisition activities in the advertising technology (ad-tech) sector. India has also not been untouched by this phenomenon with Inmobi's acquisition of AerServ for $90 million in January this year highlighting this trend.

Wipro: Consolidating Its Foreign Businesses Under One Roof

In April this year, Wipro Limited decided to merge its wholly owned subsidiaries, which it acquired from NewLogic Technologies group in 2005 with itself.

Implementation of SPACs in India Key Regulatory challenges

Implementation of SPACs in India Key Regulatory challenges.

Redemption Opportunity For Disqualified Directors

Ministry of Corporate Affairs (MCA) in September 2017, identified many directors associated with the companies that had failed to file financial statements or annual returns for a continuous period of three financial years 2013-14, 2014-2015 and 2015-2016 and consequently they became disqualified as per sec 164 (2) of the companies act 2013, to act as Directors.

UFO And Qube Merger Stalled!!

Almost a year after its announcement, the merger has hit a major roadblock.

Marriage Of Convenience: Indiabulls Housing Finance To Acquire Lakshmi Vilas Bank

Taking ahead the growing trend of consolidation in the financial sector a step further, Chennai-based Lakshmi Vilas Bank (LVB) will merge with Gurugram based Indiabulls Housing Finance Ltd, one of the fastest growing mortgage lender, in an all share-swap deal.