About the companies The Boards of Directors of IIFL Holdings and its subsidiary companies, at their respective meetings, held on January 31, 2018, have decided to reorganize the corporate structure. Over the last 23...
Inorganic push instrumental to Accenture’s growth
Information technology giant Accenture has taken the acquisition route to spur growth. In the last five years, the company had spent around $3.5 billion to make over 70 buyouts. To put that in perspective, the total...
Morganite takes the consolidation path
MORGANITE CRUCIBLE (INDIA) LIMITED (MCIL) is engaged in business of manufacturing and selling of silicon carbide and clay graphite and its accessories. Silicon carbide and clay graphite crucibles are used primarily as...
Network18 merges all subsidiaries under one umbrella
IBN18 Broadcast Ltd (TV18), based in India, is in the business of broadcasting, telecasting, relaying and transmitting general news programmes. It has general news channels in Hindi, English and other regional languages...
Sandur Consolidating business by merging subsidiary
Sandur Manganese and Iron Ores Limited (SMIORE) is a well-established company, incorporated in 1954, engaged in the business of exploration, prospecting and mining of manganese ore, iron ore and also, manufacture of...
HMVL: Strategic fit or bailing out promoters?
Hindustan Media Ventures Limited (HMVL) is one of India’s leading print media companies with its distribution spread across Delhi-NCR, Uttar Pradesh, Uttarakhand, Bihar and Jharkhand. Incorporated in July 9, 1918 under...
JTEKT strengthens muscles by increasing confidence in SONA
SONA KOYO STEERING SYSTEMS LIMITED (SKSS) is a manufacturer of steering systems in the passenger car and utility vehicle market in India, catering to passenger cars, utility vehicles and light commercial vehicles. SKSS...
Neeta Chemicals Vs State Bank of India
Fact of the Case: M/s Neeta Chemicals (I) Private Limited (‘Corporate Applicant’) filed an application under section 10 of the Insolvency and Bankruptcy Code (IBC), 2016 before NCLT which was dismissed and awarded cost...
BCL Homes Vs Canara Banks & Ors.
Fact of the case Corporate Debtor (CD) had made an application under section 10 of IBC, 2016 for initiation of Corporate Insolvency Resolution Process (CIRP) which was rejected by the NCLT taking into consideration the...
Magma Fincorp merges Magma ITL Finance
Magma Fincorp Limited (“Magma”) is a non-deposit taking non-banking finance company (NBFC), registered with the Reserve Bank of India (RBI) as an Asset Finance Company. The Company, having started operations over two...
List and Divest: Centre’s idea behind merger of three general insurers
In order to make government-owned general insurance companies profitable and achieve economies of scale, finance minister Arun Jaitley in this year's budget announced a plan to merge three insurers – National Insurance...
MPS Re-Structuring – For Regulatory Purpose?
MPS Limited (“MPS”), a listed pure-play publishing services company, provides platforms and services for content creation, full-service production, and distribution to the world’s leading publishers, learning companies...