The Piramal Group has received the approval from Reserve Bank of India (RBI) to acquire Dewan Housing Finance Corporation Ltd (DHFL) under bankruptcy law. DHFL was the first finance company to be referred to NCLT by the...
ReNewing through SPAC
In order to raise funds for expansion, Goldman Sachs promoted renewable power generation company ReNew Power will list on NASDAQ through a business combination with RMG Acquisition Corporation II (RMG II). In a public...
Orient Refractories Limited: NCLAT directs NCLT to approve the scheme
Merger of Orient Refractories and RHI Magnesita was announced in 2018 and should have been done by early 2019 but the scheme was rejected by NCLT in march last year. Companies moved NCLAT on the order from NCLT post...
Motilal Oswal Group Promoters simplifying holding company structure with composite scheme
Motilal Oswal Financial Services Limited (MOFSL) is a listed company on BSE (Bombay Stock Exchange) Limited and National Stock Exchange of India Limited. It is a SEBI (Securities and Exchange Board of India) registered...
Motherson Sumi Systems Ltd eyes Turkish market by acquiring stake in Plast Met
Automobile parts manufacturer, Motherson Sumi Systems Ltd, through one of its European subsidiary Samvardhana Motherson Automotive Systems Group BV (SMRPBV) has announced the acquisition of a majority stake in Plast Met...
Merger of Tata Metaliks and Indian Steel & Wire Products Limited with Tata Steel Long Product Limited
This article covers two schemes together as both the schemes are identical, with the same appointed date, filed at the same time and having the same Transferee Company. Further, the Transferee Company is loss-making and...
GENUS GROUP MAKES STRATEGIC CHANGES
Genus Group operates with three listed companies with minuscule size of business except for business smart power meter in flagship company and market cap and considerable number of subsidiaries, associates and group...
FAST TRACK MERGER FOR START-UP COMPANIES
While delivering Union Budget 2021, Hon’ble Finance Minister Nirmala Sitharaman proposed to revise definition under Companies Act, 2013 for small companies by increasing their threshold for capitalisation from not...
CCI approves Max Life-Axis Bank deal
The Competition Commission of India (CCI) has approved the Axis Bank-Max Life Insurance transaction, which had faced several regulatory roadblocks from Insurance Regulatory Development Authority of India and the Reserve...
Scheme of Arrangement of JHS Svendgaard Laboratories: An attempt to do miracle in value creation but for whom?
JHS Svendgaard Laboratories Limited (JSLL) is a listed company and is engaged in the business of manufacturing and selling of Toothbrushes, Toothpastes, Mouthwash, Denture Tablets, and other allied oral care product...
Embassy group listing its real estate business without going through IPO process
The proposed merger of Indiabulls Real Estate Ltd.'s (IBREL) with two subsidiaries of Bengaluru-based Embassy Group will create one of India’s leading listed real estate development platforms with launched/planned area...
Amazon-Future-Reliance deal – A Case Study
Executive Summary: The recent discussions on the Amazon-Reliance-Future acquisition throws the light on the rights, limits and the modalities of exercising Shareholder rights. This has also thrown open specific issues...