In the last eight years, auto parts house Uno Minda has expanded its business 5.24 times from Rs 954 crore to 5,000 crore and a major part of the expansion has come from mergers and acquisition of many entities. To...
Stamp duty on High Court/NCLT orders of Amalgamations of Companies in Different States
There have been a lot of mergers/amalgamations over the years where the transferor and transferee companies are registered in different states and have assets in different states. Any Amalgamation is carried out by...
Apollo Hospitals spins off its Retail Pharmacy business
In order to streamline the group's business and maximise shareholder value, the country's largest private sector healthcare provider, Apollo Hospitals has spinned off its front-end retail pharmacy business into Apollo...
Ganesh Benzoplast demerges chemical business
Mumbai-based Ganesh Benzoplast has decided to restructure and reorganise the company with the demerger of the chemical business. It has also segregated both the divisions -- Chemical and LST business – by demerger. As...
Marriage of convenience: Indiabulls Housing Finance to acquire Lakshmi Vilas Bank
Taking ahead the growing trend of consolidation in the financial sector a step further, Chennai-based Lakshmi Vilas Bank (LVB) will merge with Gurugram-based Indiabulls Housing Finance Ltd, one of the fastest growing...