Group items tagged on - Business Group Members

Britannia Industries issues Bonus Debentures to members for Tax Purposes | M&A Critique - 0 views

mnacritique.mergersindia.com/ries-100-year-bonus-debuntures

Britannia Industries Scheme of Arrangement Bonus Debentures

shared by mnacritique on 22 Apr 19 - No Cached

mnacritique on 22 Apr 19

Britannia Industries Limited (Company) has vide its Scheme of Arrangement with its members has proposed for issue of Secured Non-Convertible Fully Paid-Up Debentures by way of bonus to the members as on record date out of the accumulated profits lying to the credit of its Profit & Loss Account.

<div class="cArrow"> </div><div class="cContentInner">Britannia Industries Limited (Company) has vide its Scheme of Arrangement with its members has proposed for issue of Secured Non-Convertible Fully Paid-Up Debentures by way of bonus to the members as on record date out of the accumulated profits lying to the credit of its Profit & Loss Account.</div>

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Centre's disinvestment boost: PFC to buy REC | M&A Critique - 0 views

mnacritique.mergersindia.com/nvestment-boost-pfc-to-buy-rec

Power Finance Corporation REC PFC disinvestment stake sale acquisition Rural Electrification

shared by mnacritique on 18 Feb 19 - No Cached

mnacritique on 18 Feb 19

Cabinet Committee on Economic Affairs has given an in-principal approval for the strategic sale of 52.63% stake in Rural Electrification Corporation (REC) to Power Finance Corporation (PFC) along with transfer of management control.

<div class="cArrow"> </div><div class="cContentInner">Cabinet Committee on Economic Affairs has given an in-principal approval for the strategic sale of 52.63% stake in Rural Electrification Corporation (REC) to Power Finance Corporation (PFC) along with transfer of management control.</div>

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KPIT-Birlasoft - IT Company's Restructuring written in AI instead of JAVA. | M&A Critique - 0 views

mnacritique.mergersindia.com/mation-demerger-it-engineering

demerger restructuring amalgamation KPIT Birlasoft deal

shared by mnacritique on 21 Mar 18 - No Cached

mnacritique on 21 Mar 18

The shareholding pattern post amalgamation may vary based on the number of shares tendered by public in the open offer to be launched by Birlasoft's promoters and KPIT's promoters. That means the Promoters Shareholding post amalgamation includes 5,13,49,673 Equity Shares, fully tendered by public shareholders in open offer.

<div class="cArrow"> </div><div class="cContentInner">The shareholding pattern post amalgamation may vary based on the number of shares tendered by public in the open offer to be launched by Birlasoft's promoters and KPIT's promoters. That means the Promoters Shareholding post amalgamation includes 5,13,49,673 Equity Shares, fully tendered by public shareholders in open offer. </div>

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Stylam Industries goes for amalgamation | M&A Critique - 0 views

mnacritique.mergersindia.com/-golden-chem-tech-amalgamation

Merger Amalgamation Stylam Industries Limited

shared by mnacritique on 21 Mar 18 - No Cached

mnacritique on 21 Mar 18

Stylam Industries Limited (SIL) one of the largest manufactures of laminates sheets for both home and industry is merging with Golden Chem-Tech Limited (GCL) company which manufactures chemicals & adhesives and has diversified for the manufacturing of the Acrylics Solid Surface

<div class="cArrow"> </div><div class="cContentInner">Stylam Industries Limited (SIL) one of the largest manufactures of laminates sheets for both home and industry is merging with Golden Chem-Tech Limited (GCL) company which manufactures chemicals & adhesives and has diversified for the manufacturing of the Acrylics Solid Surface </div>

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Alembic goes for demerger | M&A Critique - 0 views

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Alembic Nirayu Shreno demerger

shared by mnacritique on 23 Jan 19 - No Cached

mnacritique on 23 Jan 19

Alembic-Shreno-Nirayu demerger will create three entities for the group one with Active pharmaceutical ingredient business including investment in APL and Paushak as Alembic listed entity and another with real estate.

<div class="cArrow"> </div><div class="cContentInner">Alembic-Shreno-Nirayu demerger will create three entities for the group one with Active pharmaceutical ingredient business including investment in APL and Paushak as Alembic listed entity and another with real estate.</div>

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Monnet Ispat gets a new life lease | M&A Critique - 0 views

mnacritique.mergersindia.com/insolvency-resolution-jsw-aion

Monnet Ispat JSW AION Investment NCLT Insolvency Resolution Process IBC

shared by mnacritique on 22 Nov 18 - No Cached

mnacritique on 22 Nov 18

Monnet Ispat, one of the first twelve companies recommended by RBI for Insolvency Resolution Process sails through the process and resolution plan as submitted by JSW & AION Investment approved by the NCLT. This article analyzes the resolution plan and whether any value is created for its various stakeholders.

<div class="cArrow"> </div><div class="cContentInner">Monnet Ispat, one of the first twelve companies recommended by RBI for Insolvency Resolution Process sails through the process and resolution plan as submitted by JSW & AION Investment approved by the NCLT. This article analyzes the resolution plan and whether any value is created for its various stakeholders.</div>

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Income Tax dues are operational debts under IBC | M&A Critique - 0 views

mnacritique.mergersindia.com/income-tax-dues-under-ibc

Insolvency and Bankruptcy Code IBC Income Tax NCLT CIRP

shared by mnacritique on 17 May 19 - No Cached

mnacritique on 17 May 19

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

<div class="cArrow"> </div><div class="cContentInner">Center has set up National Company Law Tribunal (NCLT) on June 1, 2016, to look into cases relating to insolvency and bankruptcy of companies, especially those that have a huge bank debt. </div>

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HP's MPHASIS to Blackstone's MPHASIS - What's Next? | M&A Critique - 0 views

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Divestment Acquisition HP Blackstone Mphasis insolvency Bankruptcy

shared by mnacritique on 20 Jan 18 - No Cached

mnacritique on 20 Jan 18

It seems HP decision to acquire the Digital group probably did not get as envisaged. The acquisition by Mphasis of Digital Risk LLC was at a time when HP was promotor. So it was strategic and there on acquisition of Mphasis by Blackstone as Financial Investors. It seems HP could not create value and soon after existed.

<div class="cArrow"> </div><div class="cContentInner">It seems HP decision to acquire the Digital group probably did not get as envisaged. The acquisition by Mphasis of Digital Risk LLC was at a time when HP was promotor. So it was strategic and there on acquisition of Mphasis by Blackstone as Financial Investors. It seems HP could not create value and soon after existed.</div>

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An Insight into Appointed Date and Effective Date in Merger and Demerger | M&A Critique - 0 views

mnacritique.mergersindia.com/ve-date-in-merger-and-demerger

merger demerger Importance of effective date & appointed

shared by mnacritique on 28 Feb 18 - No Cached

mnacritique on 28 Feb 18

Mergers or Demergers, the definition of Appointed date and Effective date play a very crucial role. In this article, we try to unveil the various aspects and implications of the same under various laws. Normally appointed date is before effective date. It is sometimes ideal to have both on the same date

<div class="cArrow"> </div><div class="cContentInner">Mergers or Demergers, the definition of Appointed date and Effective date play a very crucial role. In this article, we try to unveil the various aspects and implications of the same under various laws. Normally appointed date is before effective date. It is sometimes ideal to have both on the same date </div>

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Tata Communications: Worth the wait for Original Shareholders | M&A Critique - 0 views

mnacritique.mergersindia.com/ehere-properties-land-demerger

Tata Communications Surplus Land Demerger Asset sale Hemisphere Properties India Panatone Finvest

shared by mnacritique on 17 Jan 18 - No Cached

mnacritique on 17 Jan 18

It seems that finally with insertion of new clause and explanation for tax neutral demerger specific for the said transaction in the Income Tax Act 1961, the long pending issue of demerger is taking its shape. The public shareholders who exited on open offer will have some relief due to listing of HPIL.

<div class="cArrow"> </div><div class="cContentInner">It seems that finally with insertion of new clause and explanation for tax neutral demerger specific for the said transaction in the Income Tax Act 1961, the long pending issue of demerger is taking its shape. The public shareholders who exited on open offer will have some relief due to listing of HPIL. </div>

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Sandur Consolidating business by merging subsidiary | M&A Critique - 0 views

mnacritique.mergersindia.com/re-merger-star-metallics-power

SMIORE SMPPL merger amalgamation Sandur Manganese and Iron Ores Limited Star Metallics Power Private

shared by mnacritique on 14 May 18 - No Cached

mnacritique on 14 May 18

SMIORE is consolidating its business by merging its subsidiary SMPPL which has provided its ferroalloy plant and power plant on lease to the company. Commercial reason to get benefits of consolidation and as a result able to execute projects relating to steel manufacturing is no doubt seems justifiable.

<div class="cArrow"> </div><div class="cContentInner">SMIORE is consolidating its business by merging its subsidiary SMPPL which has provided its ferroalloy plant and power plant on lease to the company. Commercial reason to get benefits of consolidation and as a result able to execute projects relating to steel manufacturing is no doubt seems justifiable.</div>

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Inorganic push instrumental to Accenture's growth | M&A Critique - 0 views

mnacritique.mergersindia.com/tions-buyouts-inorganic-growth

Accenture acquisitions IT Industry Infosys Wipro

shared by mnacritique on 24 May 18 - No Cached

mnacritique on 24 May 18

In the past three years, Indian IT consultancy firms like TCS, Wipro and Infosys have together spent around $2 billion on acquisitions. Accenture's consolidation is being driven by a desire by large companies to regain control over how customers experience their products and services.

<div class="cArrow"> </div><div class="cContentInner">In the past three years, Indian IT consultancy firms like TCS, Wipro and Infosys have together spent around $2 billion on acquisitions. Accenture's consolidation is being driven by a desire by large companies to regain control over how customers experience their products and services.</div>

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REDUCTION OF SHARE CAPITAL: SAGAR SOYA | M&A Critique - 0 views

mnacritique.mergersindia.com/eduction-of-capital-sagar-soya

reduction of share capital Sagar Soya Companies Act 2013

shared by mnacritique on 22 Jun 18 - No Cached

mnacritique on 22 Jun 18

Sagar Soya Products Limited, a company listed on Bombay Stock Exchange has proposed reduction of its share capital under section 66 of the Act. The present equity paid up share capital of the Company is Rs. 5,85,16,890 divided into 5851689 equity shares of Rs. 10/- each.

<div class="cArrow"> </div><div class="cContentInner">Sagar Soya Products Limited, a company listed on Bombay Stock Exchange has proposed reduction of its share capital under section 66 of the Act. The present equity paid up share capital of the Company is Rs. 5,85,16,890 divided into 5851689 equity shares of Rs. 10/- each.</div>

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Maharashtra Scooters Limited becomes subsidiary of Bajaj Holdings | M&A Critique - 0 views

mnacritique.mergersindia.com/ters-bajaj-holdings-subsidiary

Bajaj Holding Maharashtra Scooters WMDCL MSL BHIL acquisition Auto acquires scooter

shared by mnacritique on 06 Aug 19 - No Cached

mnacritique on 06 Aug 19

On June 17, 2019, Bajaj Holding & Investment Limited(BHIL) purchased the 27% stake from Western Maharashtra Development Corporation Limited(WMDCL) making Maharashtra Scooters Limited(MSL) its subsidiary.

<div class="cArrow"> </div><div class="cContentInner">On June 17, 2019, Bajaj Holding & Investment Limited(BHIL) purchased the 27% stake from Western Maharashtra Development Corporation Limited(WMDCL) making Maharashtra Scooters Limited(MSL) its subsidiary.</div>

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Shares with Superior Voting Rights | M&A Critique - 0 views

mnacritique.mergersindia.com/rights-sebi-companies-act-2013

Legal Superior Voting Rights Companies Act 2013 SEBI Issue of DVR

shared by mnacritique on 25 Sep 19 - No Cached

mnacritique on 25 Sep 19

Issuing differential voting rights, shall help companies to prevent hostile takeover as well as dilution of promoters voting rights. This allowance of superior rights holdings helps promoters/founders especially start-ups to raise huge capital without losing their control on major decisions of the company.

<div class="cArrow"> </div><div class="cContentInner">Issuing differential voting rights, shall help companies to prevent hostile takeover as well as dilution of promoters voting rights. This allowance of superior rights holdings helps promoters/founders especially start-ups to raise huge capital without losing their control on major decisions of the company. </div>

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Centre decides stake sale of BPCL | M&A Critique - 0 views

mnacritique.mergersindia.com/bharat-petroleum-disinvestment

Bharat Petroleum Corp BPCL stake sale Privatisation divestment

shared by mnacritique on 24 Feb 20 - No Cached

mnacritique on 24 Feb 20

The Union Cabinet has approved the sale of its 53.29% stake in Bharat Petroleum Corp Ltd (BPCL) to a private entity. BPCL is one of the most profitable oil refiners and operates fuel stations.

<div class="cArrow"> </div><div class="cContentInner">The Union Cabinet has approved the sale of its 53.29% stake in Bharat Petroleum Corp Ltd (BPCL) to a private entity. BPCL is one of the most profitable oil refiners and operates fuel stations.</div>

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ISI registration with basic details - 0 views

www.corpseed.com/...ISI-Registration

isi registration licence certification

shared by Sophia Bhatt on 01 Apr 21 - No Cached

Sophia Bhatt on 01 Apr 21

With over 26500 licensees covering over 946 products, the BIS product Certification Scheme is one of the largest in the world. BIS Certification enables licensees to use the well-known ISI label, which is synonymous with high-quality goods. According to a government announcement, BIS certification is required for 90 items. The BIS also runs a Foreign Manufacturers Certification Scheme, which allows foreign manufacturers to be licenced to use the BIS Standard Mark.

<div class="cArrow"> </div><div class="cContentInner">With over 26500 licensees covering over 946 products, the BIS product Certification Scheme is one of the largest in the world. BIS Certification enables licensees to use the well-known ISI label, which is synonymous with high-quality goods. According to a government announcement, BIS certification is required for 90 items. The BIS also runs a Foreign Manufacturers Certification Scheme, which allows foreign manufacturers to be licenced to use the BIS Standard Mark.</div>

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Will Debt Restructuring turn the TIDE for SUZLON ENERGY? | M&A Critique - 0 views

mnacritique.mergersindia.com/lon-debt-restructuring-revival

SUZLON ENERGY Debt Restructuring

shared by mnacritique on 16 Oct 20 - No Cached

mnacritique on 16 Oct 20

Whether debt restructuring gives an edge to Suzlon? As Suzlon completed its debt restructuring process in June 2020 and also issued some shares on a preferential basis to promoters and other persons.

<div class="cArrow"> </div><div class="cContentInner">Whether debt restructuring gives an edge to Suzlon? As Suzlon completed its debt restructuring process in June 2020 and also issued some shares on a preferential basis to promoters and other persons.</div>

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Mastek's acquisition of Evosys felicitous consideration structure | M&A Critique - 0 views

mnacritique.mergersindia.com/ry-systems-slump-sale-demerger

Evosys Mastek Limited Evolutionary Systems acquisition

shared by mnacritique on 29 Apr 21 - No Cached

mnacritique on 29 Apr 21

Mastek Limited ("Mastek") announced acquisition of the business of Evolutionary Systems Private Limited ("Evosys" or "ESPL"). The acquisition will be done through partly purchased of business through slump sale by one of the subsidiaries of Mastek and partly by way of demerger into a wholly-owned subsidiary of Mastek.

<div class="cArrow"> </div><div class="cContentInner">Mastek Limited ("Mastek") announced acquisition of the business of Evolutionary Systems Private Limited ("Evosys" or "ESPL"). The acquisition will be done through partly purchased of business through slump sale by one of the subsidiaries of Mastek and partly by way of demerger into a wholly-owned subsidiary of Mastek.</div>

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Sterling Biotech promoters gets a breather as NCLAT halts liquidation process | M&A Cri... - 0 views

mnacritique.mergersindia.com/tech-nclat-liquidation-process

Sterling Biotech liquidation process NCLAT NCLT Promoters IBC

shared by mnacritique on 07 Oct 19 - No Cached

mnacritique on 07 Oct 19

NCLAT in a landmark ruling allowed Sterling Biotech Ltd Promoter's One time settlement offer to its financial creditors and squash the liquidation process as ordered by NCLT. We have analysed NCLAT judgement and its impact.

<div class="cArrow"> </div><div class="cContentInner">NCLAT in a landmark ruling allowed Sterling Biotech Ltd Promoter's One time settlement offer to its financial creditors and squash the liquidation process as ordered by NCLT. We have analysed NCLAT judgement and its impact. </div>

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