In April this year, Wipro Limited decided to merge its wholly owned subsidiaries, which it acquired from NewLogic Technologies group in 2005 with itself. Wipro...

The government in its zeal to address twin problem of divestments and fiscal deficit and at the same time exiting some loss making PSU which...

Bharti Infratel, incorporated on November 30, 2006, is India's leading provider of tower and related infrastructure and it deploys, owns and manages telecom towers and...

In May 2018, Greenply Industries Limited decided to demerge its Medium Density Fibre Boards (MDF) business, and now, the company will be left with only...

Deep Industries Ltd (Deep) is a listed public company primarily in two business segments: (a) Oil and Gas Services Business comprising of air and natural...

What is Management Buy-out (MBO): In an ideal MBO, financial institutions or other fund lending institutions act like venture capitalist and support management of the...

In May 2018, Greenply Industries Limited decided to demerge its Medium Density Fibre Boards (MDF) business, and now, the company will be left with only...

SONA KOYO STEERING SYSTEMS LIMITED (SKSS) is a manufacturer of steering systems in the passenger car and utility vehicle market in India, catering to passenger...

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

Provisions of Compromises, Arrangements, Amalgamation and Reconstruction are dealt in the Companies Act, 2013 under sections 230-234. Amalgamations are also treated in the LLP Act....

Facts of the case The assessee filed its return of income, declaring Nil income. Subsequently, action was initiated under section 147 of the Act by...

Facts of the case: Assessee company, engaged in the business of manufacture and sale of Bulk drugs and pharmaceutical formulations, filed its return of income...

DEAL Mphasis had acquired USA based Digital Risk LLC in 2013. Digital Risk is one of the largest independent providers of Risk, Compliance and Transaction...

While companies go for mergers to consolidate market share and strengthen geographical presence, small investors may not always gain much from mergers. Companies merge to...

On June 1, 2017, The Hon’ble National Company Law Tribunal (“NCLT”) bench at Ahmedabad, have approved the merger of Aditya Birla Nuvo Ltd. (“ABNL”) and...