Group items matching

in title, tags, annotations or url

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.

Merger of DCCL into MCIL with appointed date October 1, 2017 since it is WoS merger there is no consideration, therefore there is no change in shareholding of the company post-merger. The transaction is to consolidate entities under same control however there is no immediate gain for minority shareholders.

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.

Indian individuals are increasingly investing in mutual funds to build long-term corpus and assets under management (AUM) of the industry are growing rapidly, there are ownership changes happening in India mutual fund industry.

After a long-drawn case, the National Company Law Tribunal (NCLT) Mumbai has given approval to Dalmia Cement (Bharat) regarding the resolution plan for the revival of Murli Industries.

It looks CG Power used acquisitions as a tool to divert and camouflage losses and maybe even siphoning money from the company.

IPO enables various businesses to raise risk capital for growth and gives exit to PE/VC through listing. The domestic capital pool has been strongly investing in IPOs. IPO in a way also enable promotors to have shares of listed company as currency for acquisition and further expansion. In fact, in a lot of IPOs domestic investors have bet more than their foreign counterparts.

In a move to expand its operations GMM Pfaudler announced the acquisition of a majority stake in the global business of its holding company, Pfaudler International S.a.r.l.. Pfaudler International, held by the DBAG private equity fund, has had a global journey of 130 years and its presence in India for more than 30 years.

Infosys Ltd is on an acquisition spree as it has set its sights on the next goal to become the industry bellwether once again. Infosys has acquired three companies abroad clearly demonstrating the company's commitment to complement its present services to its clients and fill the technology gap.

The proposed demerger by Infibeam Avenue Limited will pave the way for a separate listing of E-Commerce & Theme Park Software businesses. As per the company, the proposed demerger is a move to focus on its core business

Ganesh Benzoplast has restructured and reorganised the company with the demerger of the chemical business and Slump sale of the Goa division of its Liquidity Storage Terminal (LST) division.

Government has finally decided to merge the two loss-making state-owned telecom companies Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL).

Larsen and Toubro (L&T) have now been cast as an avaricious acquirer after it made a hostile bid to take over Bengaluru-based I-T services company Mindtree. MR. V.G. Siddhartha, the founder of Cafe Coffee Day to buy 20.3% stake in Mindtree from him and his two affiliate firms.

Piramal Pharma Solutions, which is the contract development and manufacturing company of Piramal Enterprises, has acquired a solid oral dosage drug manufacturing facility of US-based G&W Laboratories for around $17.5 million.

The consolidation in the health insurance business is perking up. Four out of six standalone health insurance companies in the country have seen either full buyouts or stake sale being bought by private equity investors or strategic players.

NCLAT approved Reliance Jio demerger scheme after rejecting the objections by the IT Dept. that the scheme was in violation of Sec 52, 55 & 66 of the Companies Act, 2013.

Marking an entry into India, Sanjeev Gupta-led Gupta Family Group (GFG) Alliance, which owns Liberty House, has acquired bankrupt Adhunik Metaliks and Zion Steel for Rs 425 crore, which was under the Insolvency and Bankruptcy Code. It was an all-cash deal. In fact, Liberty House had failed to complete Adhunik's acquisition in its first attempt. It was given a second chance by the National Company Law Appellate Tribunal to take over the bankrupt steel mill.

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.

The merger between two NBFC-MFINs, the listed company Credit Access Grameen Ltd. and Madura Micro Finance Ltd. It is a part cash-part stock deal. MMFL's talks failed with Federal Bank.

NBCC got the final approval from the National Company Law Tribunal (NCLT) to acquire debt-ridden township developer Jaypee Infratech under the insolvency process.