At a time when most sectors are reporting a slowdown in business because of the Covid-19 pandemic, online education business or ed-tech is booming. More and more students are attending virtual classrooms and educational...
Motherson Sumi Re-structures its Businesses
As a part of a long-standing demand of Sumitomo Wiring Systems, the joint venture partner of Motherson Sumi Systems Ltd (MSSL), the board of directors approved a new corporate structure. Under this, the domestic wiring...
The new way of Delisting of Operations
In June 2020, Board of Directors of Zuari Agro Chemicals Limited (ZACL), the agriculture vertical of the Adventz Group, announced their plan to sell off the company's fertilizer plant in Goa to unlisted joint venture...
Blow to BHEL as NCLAT gives nod to SURANA POWERS LIQUIDATION
The National Company Law Appellate Tribunal (NCLAT) has overruled BHEL’s objection and has given nod to the liquidation process of Tamil Nadu-based Surana Power, which was admitted into insolvency in January 2019. In...
Piramal Pharma Solutions acquires drug making facility of US-based G&W Laboratories
Piramal Pharma Solutions, which is the contract development and manufacturing company of Piramal Enterprises, has acquired a solid oral dosage drug manufacturing facility of US-based G&W Laboratories for around $17...
Reliance Industries restructured Jio before massive fund-raising drive
Last month we covered the articles describing the commercial aspects of Facebook & other global leading Private Equity firm’s investment in Reliance Jio. In this article, we will try to evaluate how Reliance...
How businesses will change after Covid-19
A deadly global pandemic (Covid-19) is a self-evidently world-changing event. With increased connectivity, no doubt the spread will be “nonlinear” an output disproportionate to known inputs. But world-changing how? We...
Yatra terminates deal with Ebix
In a deal that went off the rail, Yatra Online – the country’s online travel booking company – has pulled out of the merger agreement with US software firm Ebix. The travel portal has also filed litigation against Ebix...
TVS Motor buys UK-based iconic bike brand Norton
In a landmark deal, India’s leading two-wheeler manufacturer TVS Motor Company has acquired the iconic 122-year-old United Kingdom bike brand Norton for 16 million pounds, or around Rs 150 crore in an all cash...
Kamdhenu Demerges its Paint Business
In a move to separate the Paint Business from its Core Steel Business, Kamdhenu Limited announced Scheme of Arrangement (“Scheme”) whereby, it will demerger its Paint Business to the newly incorporated step-down wholly...
Orient Refractories – RHI Magnesita Composite Scheme rejected
RHI Magnesita a global leader in refractory operating in India through its various subsidiaries and wants to merge three subsidiaries where two companies are private limited, and one is listed entity. The merger is...
CROSS BORDER MERGERS AND ACQUISITIONS: AN OVERVIEW
A substantial number of cross border mergers and acquisitions have taken place in India [1] in the recent past [2] and the current circumstances can further lead to cross border mergers and acquisitions as the lowered...