Expression of interest (EoI) for strategic sale of RINL will be invited after discussing the broad contours of the transaction with stakeholders, Parliament was informed on Tuesday. Minister of State for Finance Bhagwat...
CES Ltd’s demerger scheme – benefits whom out of all stakeholders?
CES Limited is an Information Technology (IT) and Information Technology Enabled Services (ITES) provider, dedicated to serving the midsize market of global enterprises. It has mainly two divisions i.e., IT Division and...
JSW Ispat – JSW Steel four years of engagement period before marriage: WIN–WIN for all stakeholders
The acquisition by the consortium of JSW Steel Limited & AION Investments Private II Limited of JSW Ispat Special Products Limited (formerly known as Monnet Ispat & Energy Limited) marked foray as one of the...
SBI to buy entire share of three stakeholders in SBI Global Factors
SBI will buyout the entire stake of over 13 per cent held by three other banking partners in SBI Global Factors Ltd (SBIGFL), the bank said on Tuesday. The other three banking partners are SIDBI, Bank of Maharashtra and...
The Scheme-leading to sunny days for Birla Tyres stakeholders or into permanent darkness
Management of Kesoram Industries have been trying to optimize their Tyre Business Undertaking for quite some time. In 2016, it sold its Haridwar Tyre Manufacturing plant via slump sale of its WoS Cavendish Tyres Ltd to...
Crompton bolt-on acquisition – creating substantial value for all stakeholders?
Crompton Greaves Consumer Electricals Ltd. (“Crompton”) has signed definitive agreements to acquire a controlling interest in Butterfly Gandhimathi Appliances Ltd. (“Butterfly”). Crompton was...
New SEBI Delisting Regulations Paves Way for A Fairer Method For All Stakeholders
The Securities Exchange Board of India (‘SEBI’) has issued the SEBI (Delisting of Equity Shares) Regulations, 2021 (New Delisting Regulations) on June 11, 2021, superseding the erstwhile SEBI (Delisting of Equity...
Carlyle-led investment plan in PNB Housing unfair to stakeholders: SES
The proposal by a clutch of investors led by Carlyle Group to infuse Rs 4,000 crore in PNB Housing Finance is against the interest of public shareholders of the mortgage lender, parent company Punjab National Bank (PNB)...
Stakeholders to benefit from merger of PNB, UBI and OBC
The proposed amalgamation of Punjab National Bank, United Bank of India and Oriental Bank of Commerce will provide benefits to their stakeholders and help the country to become a USD 5-trillion economy, an official said...
DHFL resolution plan: Stakeholders seek legal protection from future claims
Key stakeholders in the beleaguered Dewan Housing Finance Corporation (DHFL), including the consortium of bankers, unsecured creditors and potential PE investors, are discussing the possibility of a legal framework...
EYE on Stakeholders: MAX India Group Sells various firms to PE Players.
Max India sold its entire 51% stake in Max Bupa Health Insurance Co Ltd to private equity firm True North Fund for over Rs 510 crore. Earlier, it was in talks with HDFC Life to merger its life insurance business Max...
Key stakeholders point to chinks in Insolvency and Bankruptcy Code
Now that two years have passed since the first major acquisitions under Insolvency and Bankruptcy Code (IBC), several players—buyers, investment bankers and dissatisfied creditors—are slowly opening up about what they...