Reliance Industries had received requests from Reliance Retail employees holding equity shares for providing them options to exit and liquidate their holdings, including by way of a listing of the equity shares. It has...
DCM goes for Restructuring
DCM LIMITED (DCM) is a public Company is engaged in the business of manufacturing/ sale of castings to the automotive industry and real estate development. The equity shares of the Company are listed on the Stock...
Sanction of Reliance Jio – Demerger and Slum Sale by NCLAT
Recently NCLAT approved the scheme of arrangement of Reliance Jio Infocomm Limited (Jio Infocomm) and ‘Jio Digital Fibre Private Limited’ (Jio Fibre) and ‘Reliance Jio Infratel Private Limited’ (Jio Infratel) and their...
M&A deals perk up in health insurance
Mortgage lender HDFC Ltd has completed the acquisition of a majority stake in Chennai-based Apollo Munich Health Insurance Company Ltd for Rs 1,495.81 crore. Last year, TTK Group had exited from the Cigna TTK Health...
NCLT disallows Sun Pharma’s Scheme of Arrangement
In order to consolidate its subsidiaries Sun Pharmaceutical Industries, had approached the Ahmedabad bench of NCLT for an approval to transfer investment undertakings from Sun Pharma to its Netherlands based wholly...
Madura Micro Finance to merge with Credit Access Gramin
Madura Micro Finance Ltd. (MMFL), an unlisted NBFC – MFI (Micro Finance Institution), is going to get amalgamated into Credit Access Grameen Ltd. (CAGL) a listed NBFC-MFI. It is going to be part cash - part stock deal...