Loss making wind turbine maker Suzlon Energy has finally completed its debt restructuring. The company has met all the stiff conditions put forth by its lenders. After the restructuring, the company's term debt has been...
Concept of Deemed Record Date – need for schemes under Sec 232
In September 2013, the Board of Directors of Man Industries Ltd. approved the Scheme of Arrangement between Man Industries (India) Limited and Man Infraprojects Limited a 100% subsidiary of Man Industries, Man...
Infosys on acquisition spree to regain bellwether tag
Infosys Ltd, the country’s second-largest software services provider, which regained lost ground and demonstrated consistent performance, is on an acquisition spree as it has set its sights on the next goal to become...
Triggers for M&A
Readers of M&A Critique are always interested in the details of a transaction may it be merger, acquisition, demerger or slump sale and exchange. One always wants to know the structuring of the deal and the reasons...
Mastek’s acquisition of Evosys felicitous consideration structure
The Board of Directors of Mastek Limited ("Mastek"), at its meeting held on February 8, 2020 announced the acquisition of the business of Evolutionary Systems Private Limited (“Evosys” or “ESPL”). The acquisition will...
Whether Global corporation should combine mandatory Open Offer and Delisting Offer?
The doors of Indian economy were opened to overseas Investors, due to global acquisitions, mergers, demergers, etc. among the conglomerates, the impact is on change in control of Indian Listed entities resulting direct...
GFL GROUP – Two Holding companies for two businesses
In March 2020, the Board of Directors GFL Limited approved the Scheme of Arrangement between Inox Renewables Limited, GFL Limited and Inox Wind Energy Limited. GFL Limited (GFL) earlier known as Gujarat Fluorochemicals...
Common Traps and Pitfalls in an M&A deal
Case study: As the lead promoter of XYZ Ltd, you are about to close a deal that will boost the company’s image, and create a footprint in the global market. A global giant is acquiring a 50% stake in your company...
Indiabulls merges its real estate business with Embassy Group
Making a complete exit from real estate business, Gurugram-based Indiabulls Group has decided to merge Indiabulls Real Estate Ltd.'s (IBREL) all ongoing, completed and planned residential and commercial projects with...
Majesco to sell its Insurance Business
Majesco USA, a leading software solution for insurance business transformation, founded by Ketan Mehta and headquartered in Morriston, New Jersey has announced that it has signed a definitive agreement to be acquired by...
Mehta Group’s Cement Companies to streamline Promoter holding in listed companies
The board of Directors of Mehta Group Companies, Gujarat Sidhee Cement Limited and Saurashtra Cement Limited has decided to merge a promoter holding company of respective companies. Both schemes are twins in all aspects...
INEOS STYROLUTION-DELSITING FAILS
The UK-based promoter of specialty chemicals company Ineos Styrolution rejected the discovered price of Rs 1,100 for its delisting and did not even provide a counteroffer to the shareholders. Accordingly, the delisting...