Healthcare has become one of India’s largest sectors ‐ both in terms of revenue and employment in the country. The industry comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical...
M&A Happenings: January 2015
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals January 2015 December 2014 Auto Components 1 2 Financial Services 5 4 Investments 2 3 Information Technology 2 1 Infrastructure 0 2 Power 1...
Ultratech Cements In It’s No.1 Position
UltraTech Cement, India’s largest cement maker and part of the Aditya Birla Group, on December 24, 2014, said its board has approved to acquire two cement plants of Jaiprakash Associates in Madhya Pradesh for...
M&A Happenings: December 2014
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals December 2014 November 2014 Auto Components 2 2 Financial Services 4 2 Investments 3 3 Information Technology 1 1 Infrastructure 2 1 Media...
RECLASSIFICATION OF PROMOTERS AS PUBLIC
Market regulator the Securities and Exchange Board of India (SEBI) on 30th December, 2014 proposed new rules to allow reclassification of promoters of Listed Company looking to become public shareholders. SEBI is...
Carnival Acquires Big Cinemas
Anil Ambani‐led Reliance MediaWorks Ltd. (RMW) and Carnival Cinemas announced the signing of definitive agreements for the sale of the former’s multiplexes business to Carnival Cinemas Ltd in...
New Companies Act Shall Include Setting Up IEPFA And NFRA
The corporate affairs ministry has charted its road map for full implementation of the new Companies Act that envisages setting up Investor Education and Protection Fund Authority (IEPFA) and National...
Mandhana Industries Demerges Retail Business
Textile and apparels manufacturer Mandhana Industries (MIL) announced that it is in the process of demerging its retail business comprising of brand Being Human into an independent entity called ‘Mandhana Retail...
Greenply Industries Demerges Laminate Business
Greenply Industries Ltd’s demerger of laminate business was approved by the Gauhati High Court on October 31, 2014, under Sections 100 to 104 and 391 to 394 of the Companies Act, 1956 between Greenply Industries Limited...
IDFC Demerges Financial Unit Into IDFC Bank
Infrastructure Development Finance Company Ltd (IDFC) on 30 October 2014, informed stock exchanges that it received the board’s approval to demerge its financial undertaking into a wholly owned step-down...
Mastek Demerges Insurance Business
IT Company Mastek Limited, a BSE-NSE Listed Company, had demerged its insurance products and service business into a separate listed company. Mastek is an IT solutions player with global operations providing new...
Shasun Pharmaceuticals And Strides Arcolab Ltd Merge
Shasun Pharmaceuticals has got the approval from Madras High Court for Scheme of Amalgamation with Strides Arcolab Ltd. The Competition Commission of India (CCI) has issued its approval for the proposed merger of drug...