In 2021, The Securities and Exchange Board of India (“SEBI”) came out with an alternative delisting route for the listed subsidiary. The circular takes the tedious process of delisting to be simplified at least for the...
Grasim Industries’ Scheme of Arrangement under Income Tax Purview
In 2016, the Board of Grasim Industries Limited (“GIL” or “Assessee”), Aditya Birla Nuvo Limited (“ABNL”) and Aditya Birla Financial Services Limited (“ABFSL” or “ABCL”) approved a composite scheme of arrangement of the...
Britannia Industries Issuances of Bonus Debentures the Third Time
Britannia a leading food company in India, most trusted food brands and manufacturer of numerous biscuits, a public limited company having its equity shares listed on BSE Limited and National Stock Exchange of India...