The board of directors of Tech Mahindra has approved the merger by Absorption of 3 subsidiaries of the firm and their respective shareholders. This announcement came alongside the company’s September quarter...
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...
Inox Wind Restructuring: Group Focus on Growing the Wind Energy Business
In 2020, Inox Wind Energy Limited was incorporated to facilitate the Composite Scheme of Arrangement between GFL Limited, Inox Renewables Limited and Inox Wind Energy Limited approved by the National Company Law...
Jindal Power: Streamlining Promoter’s Holding
In 2021, Naveen Jindal Group’s flagship company, Jindal Power & Steel Limited announced the divestment of its subsidiary entity engaged in power generation business: Jindal Power Limited to a private entity owned by...
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...
Aditya Birla Fashion to acquire TCNS: To be a forerunner in fashion industry
India is poised for multi-decadal change in apparel industry. With rising disposable income & desire to wear branded garments, large organised players are gearing themselves to make most of this opportunity. In...
Scheme of Merger Approved – Despite Objections from Regional Director
Medlife Wellness Retail Private Limited (“Petitioner Company 1/Transferor Company 1) and Metarain Distributors Private Limited (“Petitioner Company 2/Transferor Company 2) filed scheme of amalgamation with Threpsi...
Rejection of Scheme of Merger – Objections from Income Tax Authorities
Indiabulls Real Estate Limited (“Petitioner Company /Transferee Company/IBREL) filed a scheme of amalgamation of companies belonging to Embassy Group – NAM Estates Private Limited (“Non-Petitioner Company/...
Crompton’s final stage of integration of Butterfly Gandhimathi
Board of Directors of Crompton Greaves Consumer Electricals Limited & its listed subsidiary Butterfly Gandhimathi Appliances Limited at their respective meeting held on March 25, 2023, have considered and approved...
Scheme of Merger of WoS with its Holding Company Approved – Despite of Objections from IT Department
Yuflow Engineering Private Limited (“Petitioner Company 1/Transferor Company) filed scheme of amalgamation with Yuken India Limited (“Petitioner Company 2/Transferee Company”) before the Hon’ble National Company Law...
Career Point: Baby (side business) becomes larger than the primary business
The Board has considered and approved the Scheme of Arrangement between Srajan Capital Limited (“SCL” or “Transferor Company”), Career Point Limited (“Transferee Company” or “Demerged Company” or “CPL””) and...
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...