In order to bring in efficiency in the way of functioning of public sector undertakings, the government is taking the merger routs. The Cabinet has approved the merger of SBI with its five associates, all state-owned oil companies will become one, and now, the government’s six consultancy firms ... Views: 734
Tata Group is one of the oldest and biggest group in the country. The group has many companies and we always see restructuring happening in the group and subsidiaries year after year. There can be many reasons behind internal restructuring like better group structure, selling of profitable or ... Views: 609
Oil and gas companies across the world, and especially in the US, inked a series of new mergers and acquisitions (M&As) last year after one year of moribund deal activities in 2015. As crude oil prices stabilized in a range between $40 and $55 a barrel, companies in the United States and other ... Views: 540
There have been a lot of mergers/amalgamations over the years where the transferor and transferee companies are registered in different states and have assets in different states. Any Amalgamation is carried out by drafting a scheme detailing the transfer of business in whole for consideration ... Views: 496
Way back in December 2010, JSW Steel entered into an agreement with Ispat Industries Ltd to acquire 41.4% stake in Ispat at a price of Rs 19.85 per share for Rs 2,157 crore on a preferential basis. The funds were mainly used to improve the liquidity in the company and reduce the debt. Later on, ... Views: 818
In a landmark ruling, the National Company Law Appellate Tribunal (NCLAT) has set aside National Company Law Tribunal (NCLT) order to liquidate Sterling Biotech. It has also directed that the management should be handed over to its promoters if the dues of creditors are settled.
In an oral ... Views: 448
Pick up the right negotiating skills to make your deal a success
Be it buying groceries or buying or selling a company, negotiations matters the most to get the best deal. The best practices of deal makers depend on the specifics of the deal. Valuation is the first and foremost phase of deal ... Views: 465
Pick up the right negotiating skills to make your deal a success
Be it buying groceries or buying or selling a company, negotiations matters the most to get the best deal. The best practices of deal makers depend on the specifics of the deal. Valuation is the first and foremost phase of deal ... Views: 676
The management of the company doing the acquisition must have a clear and well-defined strategy for their specific business
In order to make a merger work, it is pertinent to have a sound strategic planning so that maximum benefit is taken out from the merger. Before signing on the dotted ... Views: 719
Drug firm Strides Arcolab Ltd has completed a sale of its specialties division Agila Specialties Pvt Ltd to the US-based generic drug major Mylan Inc for up to $1.75 billion. However, the company has agreed to Mylan holding back $250 million following a warning letter it received from the drug ... Views: 876
One of the fundamental features of the Insolvency and Bankruptcy Code, 2016 (Code) is to resolve disputes in a timely manner — a window of 180 days extendable to 90 days — — given to the Insolvency Professional to help revive the company. Otherwise, it triggers mandatory liquidation due to ... Views: 662
In April 2014, Sun Pharmaceutical acquired 100% of Ranbaxy Laboratories for $4 billion to create world’s fifth largest specialty generic pharma company. Under these agreements, Ranbaxy will merge into Sun Pharma and the shareholders of Ranbaxy will receive 0.8 shares of Sun Pharma for each share ... Views: 646
Shares of Sun Pharma witnessed massive selling pressure, plunging over 16 percent after the drug major said it expects to take a hit on profit for the fiscal 2015-16 mainly due to integration process with Ranbaxy. The question which has been raised is as follows:
Whether the merger is ... Views: 752
Transaction which has triggered the Open Offer Obligation :
Royal Nirman Private Limited (‘RNPL’) has entered into a Share Purchase Agreement (‘SPA’) with Promoter / Seller, WILO SE of the MPF Systems Limited (Target Company) on July 01, 2014 for acquisition of 18,87,697 Equity Shares ... Views: 708
Healthcare has become one of India's largest sectors ‐ both in terms of revenue and employment in the country. The industry comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance and medical equipment. The healthcare industry is ... Views: 774
Tata Steel has acquired Bhushan Steel (BSL) through its wholly-owned subsidiary Bamnipal Steel Ltd (BNL) through a resolution under the Insolvency and Bankruptcy Code (IBC). Tata Steel has taken a controlling stake of 72.65% in BSL and paid the admitted corporate insolvency costs and employee ... Views: 487
Tech Mahindra completed Satyam’s merger with itself. The merged entity will be called Tech Mahindra and Mr. Anand Mahindra will be its Chairman. Tech Mahindra Managing Director, C. P. Gurnani announced that the swap will be in the ratio of two shares of Tech Mahindra for every 17 shares of ... Views: 595
Billionaire investor Prem Watsa-backed Thomas Cook India had acquired vacation ownership Sterling Holiday Resorts for Rs 870 crore, marking its foray into the hospitality sector. For Thomas Cook, it was the second purchase after Ikya Human Solutions in February 2013. The transaction was ... Views: 664
Billionaire investor Prem Watsa-backed Thomas Cook India had acquired vacation ownership Sterling Holiday Resorts for Rs 870 crore, marking its foray into the hospitality sector. For Thomas Cook, it was the second purchase after Ikya Human Solutions in February 2013. The transaction was ... Views: 878
ABC Bearings is engaged in the business of engineering, product design, manufacturing, distribution and sale of bearings including inter alia taper roller bearings (contributes over 80% of the total revenue- Mar 16), cylindrical roller bearings, spherical roller bearings and slewing bearings; ... Views: 1063
In order to make a larger presence in India, Total SA will buy a 37.4% stake in Ahmedabad-based Adani Gas Ltd for Rs 6,200 crore. The French energy giant has made an open offer to public shareholders of Adani Gas to acquire up to 25% stake. It has offered to buy shares at 149.63 apiece, which ... Views: 466
UltraTech Cement, India’s largest cement maker and part of the Aditya Birla Group, on December 24, 2014, said its board has approved to acquire two cement plants of Jaiprakash Associates in Madhya Pradesh for an enterprise value of Rs. 5,400 crore. The transaction, which is subject to due ... Views: 521
The government introduced an anti-black money bill to prevent stashing of illegally acquired money and penalise holders of illegal and undisclosed assets abroad in the Lok Sabha on 20th February 2015.The Undisclosed Foreign Income and Assets (Imposition of Tax) Bill (UFIA) 2015 introduced in the ... Views: 563
Unilever announced on 19 July 2016 that it has signed an agreement to acquire Dollar Shave Club (DSC), a Venice, California-based company at a huge premium. Michael Dublin, the founder of the Dollar Shave Club, will remain CEO for running the razor business as an independent subsidiary. It's ... Views: 580
Mergers are supposed to make companies more productive. They’re meant to get rid of inefficiencies, grow revenues and result in a stronger bottom line. But sometimes things don’t go according to plan. The new team won’t buy in, middle managers are unhappy with their pay, and the acquired company ... Views: 562
When businesses were simple and transactions were local, accounting standards were simple and local GAAP (generally accepted accounting principles) were sufficient. Today, businesses have become complex and a globalised world needs comprehensive accounting standards that can be consistently ... Views: 570
The country’s third-largest software services company, Wipro has been acquiring companies to grow its digital technology strength. The company’s new chief executive officer (CEO) Abidali Neemuchwala had acquired two companies --- HealthPlan Services and Appirio last year for over $1 ... Views: 818