In September 2016, there was an announcement of one of the biggest consolidation deal in the telecom sector between Rcom and Aircel, however, the regulatory authority National Company Law Tribunal (NCLT) has passed an...
Aurionpro Solutions calls for demerger of its consulting business
Aurionpro Solutions Ltd (ASL) is a global leader in enterprise security, digital innovation and banking solutions and a provider of IP led IT solutions for the Banking, Financial services and Insurance (BFSI) segment...
M/s. New Delhi Television Ltd. Vs. ACIT – Case Law
Facts of the Case NDTV along with its Subsidiaries entered into an agreement dated 23.05.2008 with NBC Universal Inc and Universal Studios International BV, as a result of the same, INR 642.54 cr (9,15,498 Shares @ INR...
Win win, amalgamation of Zandu Realty with Emami Infra!
Emami Infrastructure Limited (EIL) is one of the flagship companies of the Rs 3,050 Cr diversified Emami Group. It was incorporated on January 4, 2008, and is in the business of real estate. Its footprints are spanning...
PSU non-life insurers gear up for listing
The equity market will see a spate of initial public offerings (IPOs) of general insurance companies, predominantly of government-owned companies. The Finance Minister in his Budget speech had announced the listing of...
Appointment of Small Shareholder’s Director Alembic Limited
Facts of the Case Activist asset manager Unifi Capital, which has under 3% stake country's oldest pharmaceutical company — the 110-year-old Alembic Limited and is among the top three non-promoter shareholder blocks in...
GTL Infra goes for SDR; to merger with CNIL
GTL Infrastructure Ltd (GTL Infra) a Global Group Enterprise; was incorporated on February 4, 2004. It is a pioneer in Shared Telecom Infrastructure in India. The company is engaged in the business of providing Shared...
Clamour gets louder for single-window clearance of M&As
With many merger and acquisition (M&A) deals getting caught in a cross regulatory web, there is a call for single-window clearance. Delay in such approvals is said to have hit several such deals in the recent past...
Smart Timing Steel Ltd Vs National Steel and Agro Industries Ltd.
Facts of the Case Smart Timing Steel Limited(STSL) is an operational creditor of National Steel and Agro Industries Limited (NSAIL). A petition under Section 9 of Insolvency and Bankruptcy Code, 2016 i.e. Application...
Amazon Acquires Whole food
Amazon is an American E-commerce and cloud computing company based in Seattle, Washington. It is a largest Internet based retailer in the world by total net sales [around $ 136 billion (Dec 16) and by market...
IDFC-Shriram merger: Potential to create a large financial conglomerate
IDFC and Shriram Group have agreed to merge to create a financial conglomerate and offer various types of retail and corporate loans. The companies will finalise the deal within 90 days (from mid July 2017). If the deal...
Wheels India forges strategic partnership with Topy Industries
Wheel India Ltd (WIL) of the TVS group and Topy Industries Ltd of Japan have expanded their technical collaboration in the passenger car steel wheel business into an equity relationship. Established in 1962, Wheels...