Caravan Talkies, which is owned by UFO Movies through its subsidiary is taking both Bollywood and regional films to the hinterlands of the country where there is no proper cinema hall. The company is also helping brands...
Jet Airways goes to NCLT
A consortium of 26 bankers led by State Bank of India (SBI) have finally decided to take the grounded Jet Airways to bankruptcy court after failing to revive the company and find buyers. Insolvency proceedings have been...
Maharashtra Scooters Limited becomes subsidiary of Bajaj Holdings
In a long-standing battle between Western Maharashtra Development Corporation Limited (WMDCL), a Government of Maharashtra undertaking, and Bajaj Holding & Investment Limited (BHIL) over pricing of equity shares of...
Case Law: Commissioner of Customs – West Bengal Vs Ram Swarup Industries Ltd. & Ors.
Brief Facts of the case: Corporate Debtor imported machinery from outside India, custom duty as assessed the custom officer was not paid in full by the corporate debtor due to dispute regarding amount of duty...
Tata Global Beverages acquires all branded food businesses from Tata Chemicals
In a major corporate restructuring, Tata Global Beverages Ltd shall acquire all the branded consumer food businesses from Tata Chemicals Ltd. in an all-stock transaction that is aimed at creating a consumer business...
West Coast Paper Mills buys majority stake in International Paper APPM
West Coast Paper Mills Ltd. (WCPML) has entered into a share purchase agreement to acquire about 51-60% stake in International Paper’s (IP) Indian unit, International Paper APPM Ltd. The stake will be acquired from...
Tata Steel acquires Bhushan through IBC route
Tata Steel has acquired Bhushan Steel (BSL) through its wholly-owned subsidiary Bamnipal Steel Ltd (BNL) through a resolution under the Insolvency and Bankruptcy Code (IBC). Tata Steel has taken a controlling stake of...
RIL’s e-commerce push: Will Reliance Retail be the next Jio?
Reliance Industries Limited (RIL) is a Fortune 500 company and the largest private sector corporation in India. Reliance's products and services portfolio touches almost all Indians on a daily basis, across economic and...
Minda Industries merges Harita Seating System
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...