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The rationale for creating huge paid-up capital of ₹499.14 crores of the merged entity having turnover of  ₹ 2086 crores and PAT under ₹150 crores is not clear except that Sumitomo does not want legacy of Excel as the continuing company.

Pledge of Equity shares of a listed company if invoked by Pawnee will only be treated as acquisition of shares by the Pawnee under the Takeover Code and will liable for open offer obligation as per the provisions of the Code.

Piramal Enterprises has a history of making over 50 acquisitions. The company is known for its efficient capital allocation. Both PEL and PPL have same the promoter group. Piramal Enterprises holds 17.53% stake in PPL which will get cancelled post-merger

The Board of Directors of the company in their meeting held on February 23, 2018 approved the scheme of Amalgamation of AMPL with Paisalo. Appointed date for the transaction is closing hours of December 31, 2017.

The Board of Directors of the Datamatics Global Services Limited(DGSL) has announced demerger of "ERetail & Digital Publishing Services Undertaking" after merging LDL with the company.

The board of directors of the company decided to merge "Showroom Business Undertaking" into Linc Retail Limited(LRL) and to merge the remaining business into Linc Pen and Plastics Ltd(LPPL).

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.

Shree Digvijay Cement at their meeting announced that the existing promoters have decided to sell its 75% holding in the company to a Private Equity Firm.

Reduction of shares is the only way through which R T Exports can redeem/reduce/ the shares out of the company.

Hindustan Unilever outruns Nestle and bags GSK's nutrition business. GSK consumer' lead brand Horlicks will be acquired by Unilever i.e. the parent company of HUL

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

With banks pushing for change in management of loan defaulting companies, that will result in bigger corporate assets which will be available for acquisition at a throw-away price. Stressed assets are in multiple sectors, so M&As are expected to happen in multiple sectors.

Recent changes in Income tax provisions in Budget 2018-19 in relation to companies facing Insolvency Proceeding or under corporate Insolvency resolution process

In a move to consolidate its Agro-chemical business, Godrej Group has decided to merge its acquired listed entity into its listed holding company. Godrej Group will merge Astec with the Agrovet.

Gloster Limited (Gloster) announced the group restructuring where Gloster got merged with Kettlewell Bullen & Company Limited (KBC) subsequently the name was changed to Gloster Limited.

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.

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.

Magma Fincorp acquired 26% joint venture partner in August, 2017 and immediately thereafter it announced the merger. Before merger, it seems MITL have cleaned its book by providing NPAs and even booking substantial loss in FY17. At present both the companies are having low margins and high NPA's.

HT Media Ltd decided to demerge the B2C business into HMVL instead of merging the whole IESPL into HMVL. Although the scheme deems that the transaction for HVML it is strategic fit but it may be just better utilisation of surplus cash with the company.

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