The National Company Law Appellate Tribunal (NCLAT) will hear two separate pleas involving the resolution plan of Birla Tyres next week. One of the pleas, filed by HDFC Bank challenging the joint resolution plan of...
Asian Granito India to undergo Mega Restructuring
The Board of Directors of Asian Granito India Limited at its Board Meeting approved the Composite Scheme of Arrangement under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 amongst Asian...
A Long-Drawn Battle: ZEE-SONY Merger
After the roller coaster ride, Hon’ble National Company Law Tribunal, Mumbai bench vide its order dated 10th August 2023 has approved the scheme of merger of Zee Entertainment Enterprises Limited (ZEEL) and Bangla...
Tata Motors: End of Differential Voting Rights Shares for Listed Companies?
In 2008, Tata Motors Limited had issued equity shares on right basis with differential voting rights. This was one of the few issuances of differential voting rights shares by any listed company. Later regulators...
Welspun Enterprises acquires 50.10% stake in Michigan Engineers for Rs 137 crore
Welspun Enterprises Limited (WEL), the infrastructure development arm of Welspun World, has acquired a 50.10% stake in Michigan Engineers Private Limited (MEPL), an EPC company in the urban water infrastructure segment...
Securities Appellate Tribunal adjourns ZEEL promoters’ plea to June 26
The Securities Appellate Tribunal (SAT) will hear on June 26 the plea of Zee Entertainment Enterprises Limited Chairman emeritus Subhash Chandra and his son and MD Punit Goenka to set aside the Securities & Exchange...
RAYMOND Group’s Restructuring to Re-FOCUS on its Core Businesses
For the last couple of years, it appears Raymond Limited has relentlessly been trying to simplify its structure & create value for shareholders. The group announced a couple of internal restructurings by calling a...
Insurtech startup InsuranceDekho acquires Verak, says CEO Ankit Agrawal
InsuranceDekho’s founder and CEO Ankit Agrawal Tuesday said the leading Indian insurtech startup has acquired Verak, a Mumbai-based SME insurance distribution company. The InsuranceDekho’s founder and CEO took to...
Rejection of Scheme By NCLT: Objection of Regional Director on grounds of non-compliance
Hotel City Plaza Private Ltd ( “Appellant 1” or Petitioner Company 1 or “Transferor Company”) Trivandrum Apollo Towers Private Ltd ( “Appellant 2” or Petitioner Company 2 or “Transferee Company”) have preferred appeal...
Year-End Special: Acquisitions and mergers of mutual funds in 2022
Mutual fund mergers and acquisitions are not new in the industry. In 2022 also the industry saw a few fund houses getting merged and acquired. The year 2021 ended with Sundaram Mutual Fund taking over Principal Mutual...
RHI Magnesita Persistence for Growth: Acquires Refractory Business of Dalmia Bharat Refractories
RHI Magnesita, the leading global supplier of refractory products, announced the acquisition of the Indian refractory business of Dalmia Group (Dalmia Bharat Refractories Limited). RHI Magnesita India Limited (“RHI” or...
DSP Investment Managers to acquire 10% stake in Equitas Small Finance Bank
DSP Investment Managers Private Ltd (DSPIM) will buy a nearly 10 per cent stake in Equitas Small Finance Bank for an undisclosed amount, following approval from the Reserve Bank of India. The bank has received an...