The journey of Mahindra and CIE Automotive that began in 2013 is a well thought out and superbly executed strategy to become a global leader in auto components space. There was no dilution in equity or any fresh fund...
Greenply demerges MDF business to embark on growth
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 plywood business. What really is happening is that the two products...
Deep Industries demerges oil & gas service business
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 gas compression services, gas dehydration, work over and drilling...
Wipro: Consolidating its Foreign Businesses under one Roof
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 Limited (Wipro), is a leading global information...
LIC bails out IDBI Bank
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 are cash guzzlers and value destroyers; comes out with an innovative idea...
MERGER OF LLP INTO COMPANY
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. 2008. But there is no explicit...