FACTS OF THE CASE The petitioner Cub PTY Limited (Formerly Known As foster's Australia Ltd) had a 100% subsidiary – Dismin India Private Limited (Dismin). In turn, Dismin held 100% shares of FBG India Holdings Limited...
Bombay Plaza Private Limited Vs. A.C.I.T. (ITAT Kolkata)
FACTS OF THE CASE On 16.04.1991 the Assesse entered into an agreement with M/s East India Hotels Limited (now renamed as EIH Limited) to acquire under a license an area of 9,000 square feet in Hotel Oberoi Towers...
Unilever adopts Dollar Shave Club
Unilever announced on 19 July 2016 that it has signed an agreement to acquire Dollar Shave Club (DSC), a Venice, California-based company at a huge premium. Michael Dublin, founder of the Dollar Shave Club, will remain...
Max gives its ‘Life’ to HDFC
Earlier last year, Max Group had decided to vertically split Max India Ltd. into 3 separate listed companies- Max India Ltd (Health and Allied Businesses) Max Financial Services Ltd (Life Insurance) Max Ventures and...
M&A Happenings : August 2016
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals August 2016 July 2016 Agriculture 1 2 Chemicals 3 10 Entertainments – 3 Financial Services 4 14 Information Technology 2 11...
Neon Solutions Pvt. Ltd. Vs. CIT
LEGAL CORNER - September 2016 - CASE LAW-I : Facts of the Case: The Neon Solutions Pvt. Ltd. (Respondent Assesse) had in 2003 subscribed to 2% non-convertible unsecured debentures of Rs.42 crores issued by one of its...
NDTV India Vs Income Tax
LEGAL CORNER - September 2016 - CASE LAW-II : Facts of the cases: The Income-tax Department has made an addition of INR 642 crore on New Delhi Television Ltd (NDTV) in respect of AY 2009-10 under Section 69A of the...
Birla Group’s yet another Restructuring favoring Whom?
Aditya Birla Group always tries to expand their business inorganically. From the acquisition of cement business from L&T to the consolidation of retail business in last year, Aditya Birla group relentlessly tries to...
Deepak Group – Unlocking the Value in Fertilizer Business?
A scheme of Arrangement was proposed amongst Deepak Fertilisers And Petrochemicals Corporation Limited (“DFPCL”), SCM Fertichem Limited (“SCM Fertichem”) and Smartchem Technologies Limited (“Smartchem”) and their...
In unity lies Strength
The Ministry of Petroleum and Natural Gas has proposed merger of all 13 public sector oil companies into one behemoth, an idea which was first mooted by former minister Mani Shankar Aiyar as per the recommendations of V...
Risk Transfer Solutions in an M&A transaction
An entrepreneur nurtures his business towards growth with a great deal of responsibility towards his venture. At some point he looks at inorganic growth through M&A as a means to enter new markets, to...
Improving the probability of success of a merger and acquisition through “Measurements”
This is true in every walk of life, especially so in the organizational context, where behaviors are a manifest of the conflicts between departmental measures and overall organizational measures. The case of joint...