In any scheme of Mergers or Demergers, the definition of Appointed date and Effective date play a very crucial role. In this article, we try to unveil the various aspects and implications of the same under various laws...
IDFC paying premium to get acquired, will IDFC be second time lucky?
After the failure of IDFC Bank-Shriram Group merger over valuation, IDFC Bank has now gone for merger with Capital First, a non-banking finance company. The all-share merger deal was done keeping in mind IDFC’s aim to...
Budget 2018-19 Changes Related to Insolvency Law
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 New Provision Relief from liability...
Is Slump sale is better option than piecemeal Liquidation?
The Insolvency and Bankruptcy Code 2016 aims at reviving companies that are going for liquidation. If reviving the company is not possible, the the code will enable to liquidate the company in a judicial and rational...
FINANCE BILL 2018 AMENDMENTS RELATED TO CORPORATE RESTRUCTURING
Our honourable Finance Minister presented the budget for 2018 on 1st Feb 2018. We have listed some noteworthy amendments which has an effect on corporate restructuring viz. mergers, amalgamations, demergers and...
Demerger of EPC & Vessel Division of HAL Offshore Ltd into Seamec Ltd for whom?
HAL Offshore Ltd (HAL) is an unlisted public company, part of Delhi based MM group and a leading ‘End to End’ solution provider of underwater services and EPC services to the Indian Oil and Gas Industry catering...
Motilal Oswal Financial Services makes core areas stronger
The Board of Directors of Motilal Oswal Financial Services Ltd (MOFSL) have approved the Draft Scheme of Amalgamation for merger of Motilal Oswal Securities Ltd (MOSL) with MOFSL and have also approved the slump sale of...
INDIAN METAL – SIMPLIFY STRUCTURE
INDIAN METAL & FERRO ALLOYS LIMITED (IMFA), a pioneer in producing silicon alloys, today focus is on ferro chrome which imparts the non-corrosive property to stainless steel. A significant portion above 80% of...