Fintech company GloriFi is planning a U.S. listing by merging with blank check firm DHC Acquisition Corp in a $1.7 billion deal. GloriFi, whose equity holders will roll forward 100% of their existing shares, will...
Kesoram’s yet another restructuring: Demerger & Listing of Rayon, Paper and Chemical Business
“This scheme has been withdrawn from execution and the new composite scheme of arrangement was filed in 2023. Please read the article here.” Demerger’s saga for Kesoram Industries Limited (KIL) seems to be a...
Coal India to divest 25% stake in BCCL; plans subsequent listing
State-owned CIL said it is planning to divest 25 per cent stake in its unlisted arm Bharat Coking Coal Ltd (BCCL) and will go for the subsequent listing of the subsidiary on stock exchanges after obtaining further...
ELCID DELISTING: At a FAIR PRICE?
Elcid Investments Limited (“the Company” or “EIL”) is a non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI) under the category of Investment Company. The Company’s activities primarily...
Eni and Livestream to raise $230 mln in green SPAC listing in London
Eni and Livestream LLC plan to float their New Energy One Acquisition (NEOA) Corporation on the London Stock Exchange to raise up to 175 million pounds ($230 million) to invest in energy transition, the Italian oil...
Singapore bets on niche SPAC listings to capture tech boom
After years of struggling to emerge from the shadows of regional rivals, Singapore Exchange is looking to establish itself as the hub for blank-cheque firms, riding on regulatory overhaul, support by state firms, and a...
AMENDMENTS TO SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015, IN RELATION TO REGULATORY PROVISIONS ON RELATED PARTY TRANSACTIONS (RPT’S)
SEBI (Securities Exchange Board of India) in its Board meeting held on September 28, 2021, approved the amendments in RPT (Related Party Transactions) framework that were proposed by the Working Group1 ('WG') in January...
Open to demerger of FMCG, listing of IT businesses: ITC chairman Sanjiv Puri
ITC Ltd chairman Sanjiv Puri said the company is open to the idea of demerger of the non-cigarette fast moving consumer goods (FMCG) business and listing of the information technology (IT) businesses if it creates...
Sebi amends delisting rules to make M&A more convenient
Sebi has amended rules pertaining to delisting of equity shares of a company following an open offer as part of efforts to make merger and acquisition transactions for listed companies more convenient. Under the new...
Southeast Asia’s Grab takes a ride to $40 bln SPAC listing
Southeast Asian ride-hailing and food delivery platform Grab Holdings lists on Nasdaq via the world’s largest special purpose acquisition company (SPAC) deal worth $40 billion. Here are some milestones for the...
ByteDance plans to spin off real estate listing business
China’s ByteDance plans to spin off its real estate listing service to focus on its core businesses, a company representative said on Wednesday, as the TikTok owner undergoes a reorganisation. The company is...
Vedanta mulls demerger of some businesses with separate listing & leadership
Billionaire Anil Agarwal-led Vedanta Ltd is evaluating a demerger of its aluminium, iron & steel and oil & gas businesses, which will be run as standalone listed entities with separate leadership in what it...