The enforcement of the relevant provisions pertaining to Cross Border Mergers contained in the Companies Act, 2013 by the Ministry of Corporate Affairs with corresponding provisions in Companies (Compromises...
Adani Power struggling for Financial Revival
Adani Power Ltd, the country’s largest private sector Thermal Power producer approves slump sale of Mundra power business to its subsidiary with Appointed Date being 31st March, 2017. Adani Power Ltd is a part of the...
TUBE Investments aims to Unlock Value with Demerger
Tube Investment of India Ltd (TIIL) is a flagship company of the Murugappa group, is engaged in multiple business broadly classified into the following category Manufacturing of tubes, strips, tubular, components...
BIRLA Group Restructuring Deal Updates
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 Grasim Industries Ltd. (“Grasim”), to be followed by the listing of...
Chemical Industry: Hotbed for M&A deals
The Indian chemical industry is at an inflection phase. Falling global crude prices, tough competition and weaker fundamentals will drive mergers and acquisition activities in the industry. While commodity chemicals...
M/s. Parker Hannifin India Pvt Ltd Vs. Prowess International Pvt Ltd.
Facts of the Case Parker Hannifin India Private Limited is an operational creditor of Prowess International Private Limited. A petition under Section 9 of Insolvency and Bankruptcy Code, 2016 i.e. Application for...
Future Group Separating Home Retail Business
Future Retail Limited(FRL) is the flag ship company of Future Group. Currently operates multiple retail formats hypermarket, supermarket and home segment of the Indian consumer market under different brand names: Big...
Pr Commissioner of Income Tax Vs. Kusum Healthcare Pvt Ltd
Fact of the Case Assessee is engaged in the business of exporting pharmaceutical products to its overseas Associated Enterprises (“AEs‟) as well as to third parties. Assessee declared export of manufactured medicines...
R Systems tweaks its share capital
R Systems International Limited executed a Scheme of Arrangement with its shareholders and creditors to reorganize and reduce the equity share capital of R Systems International Limited. The proposed capital reduction...
Dish TV and Videocon D2h to call the Shots!!
India has second largest market for TV after China. As per estimate there are around 284 million household as on March 2016, out of which around 181 million has TV sets which are served through Cable TV around 102...
Navkar Corporation Consolidation to Focus on Growth
India's container ports handled 11.58 Million TEUs with a growth rate of 6.1 % for FY 16, with a modest growth rate during past few years. Western Coast of India plays a major role in container growth rate as it...
Torrent Pharma increases its Women Healthcare Portfolio
Torrent Pharmaceuticals Ltd, the flagship company of the Torrent Group was incorporated in the year 1972, is one of the leading pharmaceutical companies having presence in Indian and global markets. The company is a...