Insolvency Proceedings Scenario: In order to tide over the mounting non-performing assets of banks, especially in the power and steel sector, the government legislated Insolvency and Bankruptcy Code (IBC). After one and...
Consolidation in FM Radio Business – HT Media and Next Mediaworks Group
Consolidation is picking in the radio industry. In a move to take on other radio giants, the two separately listed entities HT Media Limited and Next Mediaworks Limited has decided to consolidate their operation. HT...
The Giant Flipkart-Walmart acquisition deal: Do traders have legal grounds to oppose it?
Flipkart-Walmart deal is the most talked about acquisition news in the past months. Officially, Walmart has now completed its 77% acquisition in Flipkart and has also got a go ahead from Competition Commission of India...
Centre merges Bank of Baroda, Dena Bank and Vijaya Bank
The government has decided to merger three banks – Bank of Baroda, Dena Bank and Vijaya Bank -- to reduce the amount of capital it needs to put into these banks and help clean their balance sheets. The three merged...
RHI Magnesita consolidates India operations with ORIENT
RHI Magnesita Group, a leading global supplier of the high-grade refractory product, systems and services has a presence in India through its acquired listed entity Orient Refractories and two other unlisted companies...
Scheme Rejected – Gabs Investments and Ajanta Pharma Merger
On 7th of September, the NCLT Mumbai bench, rejected the scheme of amalgamation and arrangement between Gabs Investments Pvt Ltd (Gabs) – the TRANSFEROR Company and Ajanta Pharma Ltd (Ajanta Pharma) – the TRANSFEREE...
Excel Crop Care merger with Sumitomo Chemical India will be like house of fire!
In June 2016, the promoter group of Excel Crop Care Ltd, the Shroff family, had entered into a definitive agreement to sell its 24.75% stake in the agro-chemicals firm to Sumitomo Chemical Company Ltd for ₹343 crore...