Precious metals producer Polymetal International said on Monday it had agreed to sell its Russian assets in a $3.69 billion deal that takes into account the debt of the Russian business. Polymetal has been seeking to...
Allcargo Logistics creating a more simplified structure
After successful demerger followed by separate listing of its Container Freight Stations/Inland Container Depots Business and Equipment Rental, Logistics Parks and other Real Estate assets, Allcargo Logistics Limited...
NCLT admits insolvency resolution plea against Dream11 sports platform’s owner Sporta Technologies
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted Sporta Technologies, which owns India’s largest fantasy sports platform Dream11, under the corporate insolvency resolution process (CIRP) on an...
Shankara Building Products separates its trading & marketplace business for independent growth
Recently, Shankara Building Products Limited announced the demerger of its trading/building material marketplace business from its manufacturing business. Shankara Building Products Limited (“Demerged Company” or...
CASE LAW: Reduction of Share Capital by way of cancellation of Shares amounts to “Transfer” and Losses available for set-off
Assessee: Tata Sons LimitedDecision by: The Income Tax Appellate Tribunal, MumbaiAssessment Year: 2009-10Date of Order: 23.01.2024 Recently, the Mumbai bench of the Income Tax Appellate Tribunal in the case of Tata Sons...
Bajaj Finserv health arm acquires Vidal Healthcare valued at Rs 325 crore
Bajaj Finserv Health, a wholly-owned subsidiary of Bajaj Finserv, on Tuesday acquired an entire stake in Vidal Healthcare Services at an enterprise value of Rs 325 crore. The Pune-based healthtech firm has a network of...
NCLT admits Four Care Hospital on StanChart Bank’s application
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted city-based Four Care Hospital under the Corporate Insolvency Resolution Process (CIRP) in an application filed by Standard Chartered Bank. The...
NCLT admits Four Care Hospital on StanChart Bank’s application
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted city-based Four Care Hospital under the Corporate Insolvency Resolution Process (CIRP) in an application filed by Standard Chartered Bank. The...
Bankruptcy court admits insolvency resolution plea against Helios Photo Voltaic
The principal bench of the National Company Law Tribunal (NCLT) has admitted an application filed by the National Asset Reconstruction Company (NARCL) against Helios Photo Voltaic Ltd, earlier known as Moser Baer Photo...
Network18 yet another consolidation of its Subsidiaries
Recently, the Board of Directors of Network18 Media & Investments Limited, a Reliance Group listed entity announced consolidation of its subsidiaries through a merger. Network18 Media & Investments Limited...
NCLAT rejects plea to initiate insolvency proceedings against Aditya Birla Fashion
The National Company Law Appellate Tribunal (NCLAT) dismissed a plea of an operational creditor to initiate insolvency proceedings against Aditya Birla Fashion and Retail Ltd (ABFRL). The appellate tribunal upheld the...
Promoters of DCM Shriram Industries are on their way to segregate their businesses with Streamlined Promoter Holding
The Board of Directors of DCM Shriram Industries Limited approved a Composite Scheme of Arrangement (“Scheme”) which inter-alia provides for separation of Rayon & Chemical undertakings into respective separate...