The Companies Act 2013 (New Act), which was substantially made effective from April 1, 2014, has the potential and capability to be a historic milestone for implementing Mergers & Amalgamations (M&A). So far...
TATA’s Overseas Slack
Tata Group’s flagship company Tata Steel has decided a $1.6-billion goodwill impairment charge, or write-off, for the loss of value of Tata Steel Europe (TSE), formerly Corus, and other overseas assets in Thailand and...
Aditya Birla Group Strengthens Retail Business
In the corporate sector, consolidation is finally gaining momentum as many companies are bringing their businesses under one umbrella. In line with the trend, Aditya Birla group’s Aditya Birla Nuvo Limited (ABNL) has...
Aditya Birla Chemicals merges with Grasim Industries
In a consolidation move between group companies, Aditya Birla Chemicals Limited (ABCIL) merged with Grasim Industries Limited. The merged consolidated Aditya Birla Group’s chlor-alkali business into Grasim and...
The Zen And Art Of Demerger
Demergers were an American invention of the 1920’s and became common since the 1950’s. The corporate demerger is one of the several ways through which a firm may divest a division and improve its focus. A...
Zomato Acquires Menumania
ZOMATO: Deepinder Goyal, a post-graduate of IIT Delhi, started Foodiebay.com as a small exercise to help his colleagues negotiate huge stacks of menu cards with ease. Foodiebay officially started in July 2008...
RIL Takes Over Network 18
In order to leverage its 4-G operations, Reliance Industries Ltd (RIL) has taken complete control of Network 18 Media and Investments Ltd, including its subsidiary TV18 Broadcast Ltd. and the Board of Reliance...
Mahindra Satyam: Back From The Brink!
In September 2008, Satyam, the then sixth largest India-based IT services company, received the coveted “Golden Peacock Global Award for Excellence in Corporate Governance”. Then, just four short months after this...
Synergy Arising From Yahoo! Acquiring Tumblr
Yahoo has acquired Tumblr for $1.1 billion in cash – roughly a quarter of the purchase price The product roadmap, their team, their wit and irreverence will all remain the same as will their mission to empower creators...
Escorts – Excel Through Re-Engineering
While the agriculture sector may not be a major contributor to India’s GDP, India still ranks second worldwide in farm output. HP Nanda knew that the country which runs on agriculture can make his fortune by...
Why Merger Fails To Create Value
Mergers are supposed to make companies more productive. They’re meant to get rid of inefficiencies, grow revenues and result in a stronger bottom line. But sometimes things don’t go according to plan. The new team won’t...
IMPORTANCE OF APPOINTED DATE & EFFECTIVE DATE IN RESTRUCTURING
Introduction: In the case of merger and demerger, two dates are crucial, the “Appointed Date” and secondly the “Effective Date“. Corporate managers spend a lot of time to plan the exact timing...