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.
ONE TATA STEEL: Way to India's fully integrated steel and steel products Company
CES Ltd's demerger scheme benefits whom out of all stakeholders?
Competition Amendment Bill 2022: Overview
The Competition (Amendment) Bill, 2022(Bill) was introduced in Lok Sabha on August 5, 2022. It seeks to amend the Competition Act, 2002(The Act). following are key areas addressed by this Bill:
The Investment Trust of India Limited 'The company constantly looking at value creation through acquisitions and restructuring. Whether this will work this time?
"The growth in revenue's pertains to its trading business and some of the acquired businesses in broking. It also scaled up financing business significantly during last decade. However, despite revenue growth, TITIL is not generating sustainable profits"
SEBI ORDER UNDER SECTION 11 OF SEBI ACT 1992 IN THE CASE OF INDEPENDENT DIRECTOR AND OTHERS FOR INSIDER TRADING IN CASE OF SUPRAJIT ENGINEERING LTD
1. Present proceedings have emanated from show cause notice dated July 06, 2020 (hereinafter referred to as "The SCN") issued by Securities and Exchange Board of India (hereinafter referred to as "SEBI") to the aforesaid Notices for the alleged violations of Section 12A(d) & (e) of Securities and Exchange Board of India Act, 1992 (hereinafter referred to as "SEBI Act, 1992"), provisions of SEBI (Prohibition of Insider Trading) Regulations, 1992. (hereinafter referred to as "PIT Regulations, 1992") (Since repealed) and SEBI (Prohibition of Insider Trading) Regulations, 2015 (hereinafter referred to as "PIT Regulations, 2015").
JSW Ispat - JSW Steel four years of engagement period before marriage: win-win for all stakeholders
The acquisition of JSW by the consortium Steel Limited & AION Investments Private Il Limited of JSW Ispat Special Products Limited (formerly known as Monnet Ispat & Energy Limited) marked foray as one of the first acquisitions through the Corporate Insolvency Resolution Process (CIRP) under the Insolvency & Bankruptcy Code, 2016 (IBC).
Ador Group Merging its Listed Entities in similar business for better governance and growth
Ador Group forayed into welding & cutting products by starting Ador Welding Limited in 1951. Later, in 1974 the group started Ador Fontech Limited to manufacture products relating to life enhancement of industrial component.
NCLAT approves the Scheme of Capital Reduction of Negative Net-worth Company
Precious Energy Services Limited ("PESL" or "Petitioner Company") is a wholly owned subsidiary of MAIF Investment India Pte. Limited, Singapore operates 15 MV Power Generating Station in Gujarat.
Mangalam Timber Merges With Mangalam Cement
As mentioned in the Board Resolution passed for approving the scheme, Mangalam Cement will give loan of INR 5 crores to Mangalam Timber Products.
Jet Airways Cross Border Insolvency Proceedings
Jet Airways case shows there is need for amending the existing code by adopting various provisions of the UNCITRAL Model Law.
Vardhman Group To Consolidate Its Operations
The proposed merger will help consolidation of entities and may have tax benefits for Vardhman Textiles.
Hinduja Group Restructures Media & Communications Business
The Hinduja Group via its main holding company Hinduja Ventures had originally started with the communication business and now has multiple businesses via its subsidiaries and investments.
Phoenix Mills Limited Merges Its Subsidiary Company
The Phoenix Mills Limited (PML), India's largest retail-led mixed-use developer and operator has announced a scheme of amalgamation of its subsidiary company, Phoenix Hospitality Company Private Limited (PHCPL) with PML. Over a period, PML used PHCPL as a holding company for the number of its projects. Part of PHCPL is owned by the promoters of PML directly.
Titagarh Wagons Ltd Moves Ahead With Consolidation Of Three Entities
Titagarh Wagons Limited (TWL) is in the business of manufacturing of rail rolling stock including railway wagons, passenger coaches, steel castings of various configurations, shipbuilding, bridges and special projects for defence establishment of India and other heavy engineering equipment/ product.
Dus Ka Char: Government To Merge 10 PSU Banks Into Four
In order to create large-size state-owned banks, the government has decided to merge 10 public sector banks into four.
Whether serial acquisitions helped camouflage losses and diversion of funds?
CG power and Industrial Solutions Ltd (“CG Power”), which makes power equipment - electrical switchgears have tumbled 70% in the last 3 months on the stock exchanges with news of serious accounting lapses at the company.
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.
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.