M&A Critique

M&A Happenings : March 2016

Industry-wise breakup of the schemes filed is as follows:

IndustryNo. of Deals
March 2016February 2016
Agriculture1
Chemicals27
Entertainments1
Financial Services37
Information Technology3
Infrastructure
Others509
Pharmaceuticals
Power1
Publication
Real Estate9
Travel Support Services1
Textile14
Total1341

This month 13 (Thirteen) Schemes were filed, involving 36 (Thirty-Six) Companies, of which 10 (Ten) Schemes were Scheme of Amalgamation, 2 (Two) Schemes were Scheme of Demerger and 1(One) was Scheme of Arrangement involving Demerger and Amalgamation.

Other facts are:-

  • 3 (Three) Companies were Listed Company.
  • 11 (Eleven) Companies have paid-up Capital of more than Rs. 10 Crores.
  • 5 (Five) Schemes were Merger between Holding Company and Subsidiary Company.
  • In 1 (One) Scheme, the Transferor Company and the Transferee Company both have carried forward losses.

DETAILS OF SCHEME

SCHEME OF AMALGAMATION:

PIPAL RESEARCH ANALYTICS & INFORMATION SERVICES INDIA PRIVATE LIMITED AND COALITION DEVELOPMENT SYSTEMS (INDIA) PRIVATE LIMITED AND MERCATOR INFO-SERVICES INDIA PRIVATE LIMITED WITH CRISIL LIMITED.

JET LITE (INDIA) LIMITED WITH JET AIRWAYS (INDIA) LIMITED.

JSW POWER TRADING COMPANY LIMITED AND JSW GREEN ENERGY LIMITED AND JSW ENERGY LIMITED.

PETITIONS ADMITTED

The number of Schemes admitted was 6 (Six) of which 6 (Six) Schemes were Schemes of Amalgamation.

IMPORTANT ONES ARE LISTED BELOW:

Scheme of Amalgamation

  • Geecee Logistics & Distributions Private Limited with Geecee Ventures Limited
  • Bluestar Infotech Limited and Blue Star Infotech Business Intelligence & Analytics Private Limited with Blue Star Limited.

PETITIONS SANCTIONED

The numbers of Schemes sanctioned were 16 (Sixteen) of which 12 (Twelve) Schemes were Schemes of Amalgamation, 1 (One) Schemes was Schemes of Arrangement, 2 (Two) Schemes were Schemes of Demerger, 1 (One) Scheme was Composite Scheme of Arrangement.

IMPORTANT ONES ARE LISTED BELOW:

Scheme of Amalgamation

  • Tech Mahindra BPO Limited and New VC Services Private Limited with Tech Mahindra Limited.

Scheme of Demerger

  • Future Retail Limited and Bharti Retail Limited.

Do you think we missed some schemes? Let us know in the comment section below. For Details of schemes you can visit mergersindia

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Milan Shah