In August 2020, GMR Infrastructure Limited announced that its Board of Directors have approved the separation of its Airport Business from Non-Airport Business. As Airport business is quite different in terms of risk...
Shapoorji Pallonji group to list Eureka Forbes
Debt-laden Shapoorji Pallonji (SP) Group taking a step towards reducing debt, has announced a Scheme of Arrangement to separate its Hygiene product and water purifier maker Eureka Forbes Limited. The Scheme will not...
Grasim Industries sells fertiliser business to Indorama
Aditya Birla Group’s flagship company Grasim Industries, which is the world's largest producer of viscose rayon fiber, has sold its entire fertiliser business to Indorama Corporation for Rs 2,649 crore in cash. The...
BLOCKBUSTER DEAL: Reliance Retail to acquire Future Group
Mukesh Ambani's Reliance Industries Ltd has announced the acquisition of Kishore Biyani's Future Group to expand its retail business and bolster e-commerce. However, the deal has run into legal trouble with global e...
Electrosteel Castings and Srikalahasthi Pipes merge to consolidate its position
In order to consolidate its position in the ductile iron (DI) pipe industry, the boards of Kolkata-based Electrosteel Castings (ECL) and its associate company Srikalahasthi Pipes (SPL) approved a scheme of amalgamation...
Resolution plan for ACCIL by JSW Steel
Asian Colour Coated Ispat Limited (ACCIL), a steel company, in the year 2018 was included in the Reserve Bank of India’s second list of defaulters on which banks were asked to take corrective action. State Bank of...
Triggers for M&A – Internal Restructuring
We looked at the diverse types of structuring possible and the triggers when a business owner is going for external restructuring. External restructuring is the option for inorganic growth strategy for the company...
Britannia Industries Issuances of Bonus Debentures the Third Time
Britannia a leading food company in India, most trusted food brands and manufacturer of numerous biscuits, a public limited company having its equity shares listed on BSE Limited and National Stock Exchange of India...
Voltamp Transformers Ltd streamlines promoter shareholding structure
In a move to simplify promoter’s holding, Voltamp Transformer Limited (“VTL”) announced the amalgamation of promoter entity with VTL. Voltamp Transformers Limited (VTL), established in 1963, has installed facility to...
Growth strategy for the Digital Age: HCL acquires Australian IT company DWS
HCL Technologies Ltd will acquire Australian information technology and business consulting company DWS Ltd. In a regulatory filing, the company said the total equity value pay-out will be 158.2 million Australian...
KKR comes back as a Sponsor of IndiGrid InvIT
India Grid Infrastructure Investment Trust commonly known as IndiGrid InvIT which was the second InvIT to get listed in the Indian stock market now has added Esoteric II Pte Ltd, an affiliate of KKR & Co. Inc as a...
GMM Pfaudler: Intention to become India’s MNC or giving exit to Private Equity
GMM Pfaudler Limited (GMM) announced on August 20, 2020 signing of definitive agreements in connection with the acquisition, by the Company, of a majority shareholding (54%) in the global business of its holding company...