Cadila Healthcare Limited (CHL) is a listed company that operates as an integrated pharmaceutical company with business encompassing the entire value chain in the research, development, production, marketing and...
INCOME TAX ACT Amendment for SLUMP SALE
Introduction Section 50B of Income Tax Act, 1961 deals with the taxability of profits arising on transfer of any business. Sub-section (1) of Section 50B provides that “any profits or gains arising from the slump sale”...
Anjani Portland Cement Limited: Making 1+1=3
On May 26th, 2021, Anjani Portland Cement Limited ("APCL") announced that it has entered into a Share Purchase Agreement with Bhavya Cements Private Limited (“BCPL”) and its Promoters, for acquisition of controlling...
Jindal Steel and Power divests its subsidiary Jindal Power stake
On 26th April 2021, Jindal Steel and Power Limited (“JSPL”), a listed company on BSE and NSE announced that its Board of Directors have approved the divestment of its entire equity interest of 96.42% in Jindal Power...
Airtel Rejig: Value Creation or Compulsion?
In 2019-20, Reliance Industries Limited did multiple re-jigs to ready its telecom arm Reliance Jio Limited for massive fundraise. Recently, its competitor, Bharti Airtel Limited announced a new corporate structure which...
Solara Becomes Bigger
Indian Pharmaceutical Industry is witnessing sea changes. With China + 1 strategy, India Pharma Companies are at inflection points. Amidst this, Indian Pharma companies are trying to expand its wings to strengthening...
A Comprehensive Insight into Mergers and Acquisitions
Did you know, in 2020, India and the USA dominated the inbound & outbound M&A segment, with cross-border transactions totalling about 15 billion USD? Furthermore, IFLR reports also state that in 2020, the...
HT Media Limited: Consolidating Businesses
HT Media Limited (HTML) is a public listed company. HTML publishes ‘Hindustan Times,’ an English daily, and ‘Mint,’ a business paper and undertakes commercial printing jobs. HTML is also engaged in the business of...
CAPITAL REDUCTION: A tool to give back surplus assets to shareholders or for financial reengineering!
Reduction of share capital is often resorted by companies for internal restructuring or altering their capital structure; it entails reduction of issued, subscribed and paid-up share capital (either equity shares or...
APL APOLLO: MERGER OF VALUE ADDED WITH MAINSTREAM PRODUCTS
Sudesh Group is engaged in steel pipes and tubes manufacturer through different group entities including listed entities. In February 2021, the Board of Directors of APL Apollo Tubes Limited, one of the entities...
Pre-packaged Insolvency Resolution Process for MSME Corporate Debtors
The Insolvency and Bankruptcy Code (Amendment) Ordinance 2021 has been promulgated by the Central Government to allow pre-packaged insolvency resolution process for corporate debtors classified as micro, small or medium...
Cipla demerges two business undertakings
Cipla Limited (Cipla) a public limited company and its equity shares are listed on NSE (National Stock Exchange) and BSE (Bombay Stock Exchange); and its Global Depository Receipts (GDR) listed on Luxembourg Stock...