M & A CritiqueIndustry-wise breakup of the schemes filed is as follows:
| Industry | No. of Deals | |
| December’15 | November’15 | |
| Agriculture | 1 | – |
| Financial
Services |
2 | 1 |
| Investments | – | – |
| Information
Technology |
– | 2 |
| Infrastructure | 1 | 1 |
| Publication | – | – |
| Real Estate | 3 | 3 |
| Jewellery &
Diamonds |
– | – |
| Consultancy
Services |
– | – |
| Others | 3 | 4 |
| Total | 10 | 11 |
This month 10 (Ten) Schemes were filed, involving 34 (Thirty-Four) Companies, of which 7 (Seven) Schemes were Schemes of Amalgamation, 2 (Two) Scheme were Scheme of Demerger, 1 (One) Scheme was Composite Scheme of Arrangement.
Other facts are:-
- 1 (One) Company was Listed Company.
- 8 (Eight) Companies have paid-up Capital of more than Rs. 10 Crores.
- 3 (Three) Schemes were Merger between Holding Company and Subsidiary Company.
- In 2 (Two) Schemes, the Transferor Company has carried forward losses and the Transferee Company is profit making.
- In 1 (One) Scheme, the Transferor Company and the Transferee Company both have carried forward losses.
- In 2 (Two) Schemes, Transferor Company is profit making and the Transferee Company is loss making.
DETAILS OF SCHEME
SCHEME OF DEMERGER:
LKP FINANCE LIMITED AND LKP SECURITIES LIMITED
This is Scheme of demerger between Listed Company and Unlisted Company.The Scheme proposes demerger of SEBI Registered Intermediaries Business of LKP Finance Limited into LKP Securities Limited.LKP Finance Limited is in a business of lending, finance, trading and investment in shares and securities and registered with R.B.I as NBFC Company and .LKP Securities Limited is engaged in the business of Equities markets, Debt markets, Investment Banking, Merchant Banking, Depository Services, IPOs, Mutual Fund DistributionLKP Securities Limited is subsidiary of LKP Finance Limited as 99.86% of Equity Share Capital of LKP Securities Limited is held by LKP Finance LimitedThe Appointed Date of Demerger is 1st April 2015.
Consideration for Demerger
LKP Securities Limited will issue 6 Equity Shares of Rs.2/- each for every 1 Equity Shares of Rs. 10/- each held in LKP Finance Limited.
PETITIONS ADMITTED
The number of Schemes admitted was 9 (Nine) of which 7 (Seven) Schemes were Schemes of Amalgamation, 1 (One) Scheme was Schemes of Demerger and 1 (One) Scheme was Composite Scheme of Arrangement.
IMPORTANT ONES ARE LISTED BELOW:
Scheme of Amalgamation:
- GIL Vikhroli Real Estate Limited with Godrej Properties Limited.
PETITIONS SANCTIONED
The numbers of Schemes sanctioned were 14 (Fourteen) of which 10 (Ten) Schemes were Schemes of Amalgamation, 3 (Three) Schemes were Schemes of Demerger and 1 (One) Scheme was Composite Schemes of Arrangement.
IMPORTANT ONES ARE LISTED BELOW:
Scheme of Amalgamation
- Clear Mipak Packaging Solutions Limited with Hitech Plast Limited.
Scheme of Demerger:
- Crompton Greaves Limited and Crompton Greaves Consumer Electricals Limited.
Composite Scheme of Arrangement:
- Maiboli Broadcasting Private Limited and Sri Adhikari Brothers Assets Holding Private Limited and UBJ Broadcasting Private Limited and MPCR Broadcasting Services Private Limited and HHP Broadcasting Private Limited and Sri Adhikari Brothers Television Network Limited and TV Vision Limited and Marvik Entertainment Private Limited.
