Simpson and Company Limited (“Company”) is a subsidiary of Amalgamations Private Limited. Company is engaged in the business of manufacturing electrical equipment, general and special purpose machineries, transport...
New SEBI Delisting Regulations Paves Way for A Fairer Method For All Stakeholders
The Securities Exchange Board of India (‘SEBI’) has issued the SEBI (Delisting of Equity Shares) Regulations, 2021 (New Delisting Regulations) on June 11, 2021, superseding the erstwhile SEBI (Delisting of Equity...
Sebi plans to come out with framework for SPACs
Capital market regulator Sebi is planning to come out with framework on special purpose acquisition companies (SPACs), which will enable listing of startups on domestic stock exchanges, sources said on Thursday. The...
Lakshmi Vilas Bank says due diligence for Clix Group deal complete
Private sector lender Lakshmi Vilas Bank on Tuesday said that the mutual due diligence for its deal with Clix Group is “substantially complete”. “We wish to inform that the mutual due diligence is substantially...
Merger Plan: Indiabulls Real Estate, Embassy to fix valuation, swap ratio
Indiabulls Real Estate and Embassy Group will finalise the valuation and swap ratio for their proposed merger on Tuesday. In separate meetings, the two real estate developers will also decide the time frame and exact...
AION-backed Clix offers to buy stakes in troubled LVB
Capital-starved private lender Lakshmi Vilas Bank (LVB) is making another attempt to find a suitor. This time, it is AION-backed lender Clix Capital Services and Clix Finance India, who have placed a non-binding bid to...
Australia’s New Century takes aim at Vale’s New Caledonia assets
Australia’s New Century Resources Ltd said on Tuesday it was in talks with Brazilian miner Vale SA to buy its nickel and cobalt operations on the Pacific island of New Caledonia. Vale said it received non-binding offers...
Due diligence by Aramco on track for planned stake sale: RIL
Reliance Industries, which is trying to sell 20 per cent stake in the company to Saudi oil giant Aramco, on Thursday said that the due diligence for the deal was on track. “In spite of the Covid-19 crisis and the...
RIL to raise ₹53,215 crore via rights issue, profit drops due to covid impact
Reliance Industries Ltd plans to raise ₹53,215 crore by selling shares to existing investors, the biggest such fundraising by a company in India, as the energy conglomerate aims to wipe off its massive debt...
Apache Corp, Pharos Energy among bidders for Shell’s Egypt onshore assets: sources
Royal Dutch Shell’s onshore Egyptian oil and gas assets have drawn interest from American, Egyptian, Asian and Middle East bidders, two sources familiar with the matter told Reuters. Shell launched a process at the end...
Apollo Cap, Cerberus too eye DHFL stake
Private equity firms Apollo Capital and Cerberus are competing with the Adanis for a stake in Dewan Housing Finance (DHFL), as they work out a revival package for the first financial company to be taken into bankruptcy...
IL&FS gets 19 bids for road assets
IL&FS today received binding bids for ten road assets in its domestic roads transportation vertical. These 10 road assets account for total debt of over Rs 17,700 crore nearly 19% of total group debt, received 14...