Technical Ammonium Nitrate (TAN) is an important chemical used in various industries, including mining, construction, and agriculture. Its primary use is as a component in explosives, where it is mixed with other...
Colombian airline Viva Air weighs local restructuring process
Low-cost Colombian airline Viva Air has voluntarily started a local debt restructuring process, the company said late on Friday, as it awaits authorization of its merger with Avianca airlines. Viva Air said in a...
The Investment Trust of India Limited ‘The company constantly looking at value creation through acquisitions and restructuring. Whether this will work this time?
The Investment Trust of India Limited (“TITIL” or “Demerged Company”) is principally engaged in the business of offering a range of financial products and services. These various businesses are grouped under two broad...
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“This scheme has been withdrawn from execution and the new composite scheme of arrangement was filed in 2023.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...
TATA CONSUMER PRODUCTS: FOCUSED AND EFFICIENT RESTRUCTURING
In a move towards becoming a leading Fast-Moving Consumer Goods Company (FMCG), the Board of Directors of Tata Consumer Products Limited & its subsidiary companies approved the Composite Scheme of Arrangement...
TVS group goes for multiple restructuring exercise as part of family settlement. Whether Sundaram Clayton scheme is last?
TVS group has grown into a large business conglomerate with an interest in several businesses including a few listed entities. Ownership of those diverse ranges of businesses was through various entities in which...
Jindal Poly restructuring will be value accretive to public shareholders?
Recently, the Board of Directors of Jindal Poly Films Limited their board meeting held on 16th March 2022 approved the internal restructuring of its Packaging Film Business followed by stake sale in the packaging...
Italy expects to sell Monte dei Paschi after restructuring
Rome expects to return Monte Dei Paschi di Siena into private hands only after the bailed-out lender completes restructuring steps it is currently discussing with European Union authorities, Italy’s economy...
Bajaj Hindusthan Board gives in-principle nod for capital restructuring
Bajaj Hindusthan Sugar, India’s largest sugar manufacturer, on Thursday received the Board’s in-principle nod for exploring options for capital restructuring, resolution plan for debt and other corporate...
Vedanta drops restructuring plan, board finds present structure ‘optimal’
Vedanta Limited said that it has dropped its restructuring plans which involved hiving off and listing three of its businesses after its board found the present structure to be “optimal”. The company had in November...
What does Unilever’s restructuring plan mean for HUL?
Egged on by activist investors, FMCG major Hindustan Unilever’s parent, Unilever Plc, rolled out a restructuring plan last week to simplify its organisation with a focus on driving sales growth and cutting costs. For...
China’s HNA restructuring plan approved by creditors
Creditors of China’s HNA Group have voted to approve the company’s restructuring plan, according to a court comment posted on HNA’s official WeChat page on Saturday. The court in China’s southern...