After GFL Limited & National Peroxide Limited, Hercules Hoists Limited decided to join the que.
Hercules Hoists Limited ("HHL" or "Demerged Company"), a Shekhar Bajaj group entity, is preliminary engaged in business of manufacturing of mechanical hoists, electric chain hoists, wire rope hoist and other material handling equipment. Along with this it also has investments mainly in the nature of equity shares of other Bajaj group companies. The equity shares of the company are listed on nationwide exchanges.
Indef Manufacturing Limited ("IML" or "Resulting Company") is newly incorporated company for facilitation of the proposed demerger. Currently, IML is a wholly owned subsidiary of HHL.
The Transaction
The proposed Scheme of Arrangement inter-alia provides for demerger of "Manufacturing Business" of HHL to IML.
The "Manufacturing Business" includes manufacturing and sales of diverse types of hoists. Post-demerger, HHL shall house only Investments mainly in the nature of equity shares of other Bajaj Group entities.
Key investments as on 31st March 2022:
This story is from the November 2022 edition of M & A Critique.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 8,000+ magazines and newspapers.
Already a subscriber? Sign in
This story is from the November 2022 edition of M & A Critique.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 8,000+ magazines and newspapers.
Already a subscriber? Sign in
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?
