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Vardhman Group to Consolidate its Operations - 0 views

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    Vardhman Textiles Limited has decided to merge its 3 wholly-owned subsidiaries and one listed subsidiary VAL to consolidate its operation and collapse insignificant listed entity into one.
mnacritique

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

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    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.
mnacritique

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

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    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.
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Pennar Industries treads the consolidation path | M&A Critique - 0 views

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    Pennar Industries Ltd has entered in definitive agreement with a third party for transfer of its entire shareholding held in subsidiary Pending closing of conditions contained in the agreement the accounting effect is not given as disclosed in Dec 2017 quarter results. The PIL will be able to generate cash from the sale of Pennar renewable.
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INDIAN METAL - SIMPLIFY STRUCTURE | M&A Critique - 0 views

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    The Board of Directors of the Company approved a Scheme of Amalgamation involving amalgamation of Indian Metals and Carbide Limited (IMCL), a wholly owned subsidiary of the Company and B. Panda and Company Private Limited (B Panda), the holding company of the Company, into the Company.
mnacritique

Network18 merges all subsidiaries under one umbrella | M&A Critique - 0 views

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    Network18, after series of restructuring and acquisitions, wants to have simple and efficient corporate structure not only because of commercial needs but also considering changing or to say stringent and transparent legal environment under the new and ever responding laws. The amalgamation is done to get all the channels under one umbrella
mnacritique

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

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    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.
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Phoenix Mills Limited merges its subsidiary company | M&A Critique - 0 views

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    Phoenix Mills Limited (PML) has announced a scheme of amalgamation of its subsidiary company, Phoenix Hospitality Company Private Limited (PHCPL) with itself and the merger was approved by the respective boards.
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Prism Johnson Simplifies Organisational Structure | M&A Critique - 0 views

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    Prism Johnson, India's well-known cement company, decides to demerge and amalgamate some of its subsidiaries in a bid to simplify its organisational structure and for tax advantages.
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Greenply demerges MDF business to embark on growth | M&A Critique - 0 views

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    Board of directors of Greenply approved the demerger of MDF division of Greenply to its wholly owned subsidiary Greenpanel Industries Ltd.
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Aarti Industries: The Right Chemistry for a Bright Tomorrow | M&A Critique - 0 views

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    Aarti Industries currently has three main business verticals viz., Speciality Chemicals, Pharmaceuticals and Home & Personal Care. The management has decided to separate/demerge the Home & Personal Care division into its subsidiary whilst also consolidation a chemical manufacturing unit for its other business.
mnacritique

Zydus-Heinz Acquisition Deal: Will it add more sugar to Zydus? | M&A Critique - 0 views

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    Zydus Wellness Limited has entered into definitive agreement to acquire 100% equity shares of Heinz India Private Limited, the subsidiary of Kraft Heinz jointly with Cadila Healthcare Limited.
mnacritique

Motilal Oswal Financial Services makes core areas stronger | M&A Critique - 0 views

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    The Board of Directors of Motilal Oswal Financial Services Ltd (MOFSL) have approved the Draft Scheme of Amalgamation for merger of Motilal Oswal Securities Ltd (MOSL) with MOFSL and have also approved the slump sale of its existing lending business to its wholly owned subsidiary, which is in the process of being incorporated.
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Slump Sale of Defense Business by Tata Motors | M&A Critique - 0 views

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    Tata group has many companies and we always see restructuring happening in the group and subsidiaries year after year. In a similar restructuring, we are seeing that TATA Motors shall be giving its Defense Business to TATA Advanced Systems via a Slump Sale Transaction.
mnacritique

JTEKT strengthens muscles by increasing confidence in SONA | M&A Critique - 0 views

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    JTEKT Sona Automotive India Limited is 49% subsidiary of SKSS and 51% is held by JTEKT, Japan. JTEKT wants to consolidate its joint venture with the company through the scheme of amalgamation from appointed date 1st April 2018 with swap ratio as 1,582 equity shares to be allotted by SKSS for every 1000 Equity shares
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Hindware's Demerger - A Trick or Treat! | M&A Critique - 0 views

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    HSIL is demerging brands of its core business into the subsidiary (Brilloca Ltd) of the proposed new listed company i.e. Somany Home Innovation Ltd. Demerger are done greater transparency and better control the group companies, but the resulting corporate structure may be less beneficial than it seems.
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Apollo Hospitals spins off its Retail Pharmacy business | M&A Critique - 0 views

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    Apollo Hospitals has spinned off its front-end retail pharmacy business into Apollo Pharmacies (APL), which in turn will be a wholly-owned subsidiary of Apollo Medicals Pvt Ltd (AMPL).
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Tata Steel acquires Bhushan through IBC route | M&A Critique - 0 views

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    Tata Steel has acquired Bhushan Steel (BSL) through its wholly-owned subsidiary Bamnipal Steel Ltd (BNL) through a resolution under the Insolvency and Bankruptcy Code (IBC).
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UFO Movies takes over Caravan Talkies for rural expansion | M&A Critique - 0 views

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    UFO Movies takes over Caravan Talkies (shows free movies in rural areas) undertaking of its Wholly owned subsidiary Valuable Digital Screens Private Limited for expansion of its business in rural areas.
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Voltamp Transformers Ltd streamlines promoter shareholding structure | M&A Critique - 0 views

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    In a move to simplify promoter's holding, Voltamp Transformer Limited ("VTL") announced the amalgamation of promoter entity with VTL. The transaction shall collapse the holding subsidiary structure and simplify promoters' holding.
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