Mahindra Group has entered into a global alliance with Spain’s CIE Automotive S.A. The agreement will come under Systech Sector, which happens to be the Mahindra group automotive component, and CIE Automotive (also...
SPLIT & LIST: THE WAY AHEAD FOR CONGLOMERATES?
In last September’s edition we covered a topic “Conglomerates – Corporate Dinosaur: On their Way to Extinction?” where we discussed various reasons for decreasing number of conglomerates, one of them being increasing...
Marico Spins Out Kaya
Marico spins out Kaya Marico Packaged consumer goods have demerged its services business Kaya into a separate listed firm as a part of the business restructuring process. The company will create two separate companies...
“Hamara Bajaj” or “Promoter’s Bajaj”?
We have studied the demerger scheme of Bajaj Auto Ltd., and in our view, it will create value only for the promoters, while the non-promoter interests have been conveniently ignored. In our opinion, the entire purpose...