This is true in every walk of life, especially so in the organizational context, where behaviors are a manifest of the conflicts between departmental measures and overall organizational measures.
The case of joint entity is even more muddled as there are two erstwhile organizations who are ... Views: 508
This investment by RIL turnout to be Hostile takeover of Network18
NETWORK18:
Founded by Raghav Bahl, Network18 is one of India’s largest media companies, which owns television channels CNBC TV18, CNN-IBN, CNBC Awaaz; websites Moneycontrol.com, firstpost.com; print magazines Forbes India, ... Views: 505
At a time when mergers and acquisitions are increasing at a much faster pace across all industries globally, the failure rate of such acquisitions can be as much as 90%, according to a recent Harvard Business Review report.
So, why so many failures take place in M&A? Is it because companies ... Views: 568
Adani Power Ltd (APL), the country's largest private sector power generation company, has acquired Lanco Infratech’s Udupi plant for Rs 6,000 crore. The installed capacity of the plant is 1,200 MW. APL’s installed capacity is capacity at present is 10,440 MW, comprising of 4,620 MW at Mundra in ... Views: 597
CURRENT TRANSACTION:
Adani Power Limited, a subsidiary of Adani Enterprises Ltd and a part of Adani Group, had executed a definitive agreement for the acquisition of 100% shares of the Udupi Power Corporation Limited from Lanco Infratech Limited- a Rs.6,000 crore deal.
LANCO INFRATECH ... Views: 652
In a consolidation move between group companies, Aditya Birla Chemicals Limited (ABCIL) merged with Grasim Industries Limited. The merged consolidated Aditya Birla Group’s chlor-alkali business into Grasim and strengthened its existing portfolio of viscose staple fiber, caustic soda and allied ... Views: 983
Bharti Airtel is engaged in the business of providing global telecommunications with operations in 17 countries across Asia and Africa. In India, the Transferee Company products Offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high-speed home broadband, ... Views: 770
ALLIANCE INTEGRATED METALIKS LIMITED:
The company started as a financing company in the name of “BS Holding and Credit Private limited” in the year 1989 based in New Delhi. In the year 1996 it was converted into a limited company with the name BS Holding and Credit Private limited” and in the ... Views: 604
“We decided that we weren't going to be in any business that wasn't global. You're not safe if you're only at home. You can't compete in a small pool anymore"
Born on 1st May 1955, in Mumbai, Anand Mahindra is the son of the second daughter of K.C. Mahindra, the founder of Mahindra Ltd. His ... Views: 510
“We decided that we weren't going to be in any business that wasn't global. You're not safe if you're only at home. You can't compete in a small pool anymore"
Born on 1st May 1955, in Mumbai, Anand Mahindra is the son of the second daughter of K.C. Mahindra, the founder of Mahindra Ltd. His ... Views: 587
India is the second largest producer of textiles and garments in the world. The textile and allied product’s earnings from export was $37.14 billion in FY16, or 13.71% share of India’s total exports of $262.29 billion in FY16. Currently, the size of the textile industry is estimated at around ... Views: 977
Leadership & Quotes: Ashish Hemrajani
Ashish Hemrajani has made life simple for avid movie-goers. With the click of a bottom, you can book movie tickets and reach the theater on time to enjoy the silver screen. The founder and chief executive officer of Bigtree Entertainment Pvt. Ltd, ... Views: 1057
Leadership & Quotes: Ashish Kashyap
“Wherever there is a big problem there is an opportunity” ““build+invest+acquire”
Ashish Kashyap, founder and chief executive officer of ibido Group is a quintessential start-up entrepreneur in the Indian internet space. Within a span of few years, he ... Views: 654
Leadership & Quotes: Ashish Kashyap
“Wherever there is a big problem there is an opportunity” ““build+invest+acquire”
Ashish Kashyap, founder and chief executive officer of ibido Group is a quintessential start-up entrepreneur in the Indian internet space. Within a span of few years, he ... Views: 653
On June 12, 2017 Bengal and Assam Company Ltd announced the scheme of arrangement between Florence Investech Ltd., BMF Investments Ltd., J.K. Fenner (India) Ltd., and Bengal and Assam Company Ltd.
Bengal & Assam Company Ltd (BACL) is a public limited company incorporated in the year 1947. The ... Views: 943
Context of merger and rising NPAs
The steep rise in bad loans or non-performing assets (NPAs) of state-run banks has weighed on the economic development of the country as these banks hold more than two-thirds of deposits and advances in India’s banking industry. The 27 public sector banks ... Views: 791
Ever since the government introduced the bankruptcy law, host of companies right from steel, power, cement and construction have put their distressed assets on sale and potential bidders are chalking out deals to snap up assets of loan defaulting companies. The wave of deal-making can push ... Views: 678
Bartronics Asia Pte. Ltd. (BAPL) wholly owned subsidiary of Bartronics India Ltd. had acquired 51 per cent stake in Systems America Inc. (SYAI), is headquartered in Pleasanton, California, US and listed in the OTC Equities category in the USA. SYAI was founded in 1994. SYAI is the leader in ... Views: 629
In order to expand its paper business, US-based International Paper (IP) acquired 75% stake in Hyderabad-based AP Paper Mills for up to $423 million (Rs 1,888 crore) in October 2011. The deal included:
Purchase of a 53.46% stake from the company’s promoters—L.N. Bangur and his family for $257 ... Views: 561
In order to expand its paper business, US-based International Paper (IP) acquired 75% stake in Hyderabad-based AP Paper Mills for up to $423 million (Rs 1,888 crore) in October 2011. The deal included:
Purchase of a 53.46% stake from the company’s promoters—L.N. Bangur and his family for $257 ... Views: 576
After two years of negotiations with minority shareholders, facing regulatory hurdles and a lingering Rs 30,000-crore (including penalty) retrospective tax issues, the merger of cash-rich Cairn India with Vedanta is finally done. The merger – a $2.3 billion all-share deal -- will consolidate ... Views: 690
LEGAL CORNER - February 2016 - CASE LAW:
Topic:
Goodwill value cannot be challenged where slump sale includes the sale of goodwill & such agreement is beyond any doubt.
Facts of the Case:
The Assessee Company (formerly known as “Saijem Triune Energy Pvt. Ltd.) was incorporated during ... Views: 747
The Union Cabinet has approved the sale of its 53.29% stake in Bharat Petroleum Corp Ltd (BPCL) to a private entity. The state-owned company is one of the most profitable oil refiners and operates fuel stations. At the prevailing market cap, the government expects to garner about Rs 56,000 crore ... Views: 503
At a time when Indian individuals are increasingly investing in mutual funds to build long-term corpus and assets under management (AUM) of the industry are growing rapidly, there are ownership changes happening in India mutual fund industry. With DSP Group -- headed by Hemendra Kothari -- ... Views: 595
The Indian chemical industry is at an inflection phase. Falling global crude prices, tough competition and weaker fundamentals will drive mergers and acquisition activities in the industry. While commodity chemicals will likely comprise most of the M&A activities, significant volumes are ... Views: 926
In order to consolidate its position in the chemicals business, Mumbaibased Clariant Chemicals (India) Ltd. (CCIL), a specialty chemical major had acquired Gujaratbased Masterbatches maker Plastichemix Industries (Plastichemix) for Rs 1350 million (approx $22 million). Masterbatches are solid ... Views: 710
Class Action Suit became reality for Indian investor(s)/depositor(s) under new Companies Act, 2013 which is also known as Representative Suit. This kind of lawsuit is very popular in countries like USA, UK, Singapore, Canada, Austria and other European Countries. Class Action Suit gained ... Views: 727
Cognizant has successfully bought Us-based TriZetto for $2.7 billion in cash primarily owned by private equity group Apax. BlueCross BlueShield of Tennessee and Cambria Health Solutions, both minority shareholders, will also sell their stakes. Cognizant has financed the transaction through a ... Views: 778
Over the last decade, the Internet has changed the way of living of people. Due to the proliferation of Internet use, everything in the world is getting online. From Good Morning to Good Night, everything is available on the internet all you need is to ‘Google it”. India is no exception to it. ... Views: 828
The enforcement of the relevant provisions pertaining to Cross Border Mergers contained in the Companies Act, 2013 by the Ministry of Corporate Affairs with corresponding provisions in Companies (Compromises, Arrangements and Amalgamation) Rules, 2016, including insertion of the Rule 25A and ... Views: 897
CSL Limited has closed its transaction to acquire Novartis global influenza vaccine business for a cash consideration of US$275 million. The combined business will create the second largest influenza vaccine business in the US$4 billion global industry and will have manufacturing plants in the ... Views: 618
At the Tata Group, the two chiefs – the present and the past – has had a varied style of functioning, yet their ultimate goal is to take the group to the zenith and build a global conglomerate to reckon with.
The erstwhile Chairman of the $110 billion salt-to-software conglomerate, Ratan ... Views: 613
The long time discussed subject of credibility of the resolution process under the Insolvency and Bankruptcy Code,2016, which is dependent on the sustainability of the Resolution Plan and credibility of the Resolution Applicant, is now settled by the Insolvency and Bankruptcy Board of ... Views: 845
Introduction
Diversification today most executives and boards realize how difficult it is to add value to businesses that aren’t connected to each other in some way. Yet too many executives still believe that diversifying into unrelated industries reduces risks for investors or that ... Views: 792
In order to hive off some non core business and pare debt, DLF concluded the sale of luxury hospitality chain Aman Resorts for an enterprise value of $358 million (approx Rs 2,230 crore). The country’s largest real estate company also got a refund of Rs 675.8 crore from the Delhi Development ... Views: 713
When two big giants form a conglomerate it can change the dynamics of an industry; precisely what will happen in the chemicals and agricultural industries globally. Dow Chemical and DuPont, the two largest US chemicals companies, have agreed to a $130 billion merger of equals in an all-stock ... Views: 676
US software firm Ebix has acquired Nasdaq-listed Yatra Online Inc to boost its India travel ventures at an enterprise value of $336 million, or Rs 2,350 crore in an all stock deal. Once the transaction is complete --- the deal marks Ebix's biggest acquisition till date in India --- it is ... Views: 530
Shareholders are the owners of the corporations. Shareholders have the right to access and examine the corporate records and information concerning the governance and financial performance of the corporate. With the changing time, shareholders are increasing their active engagement in the ... Views: 721
While the agriculture sector may not be a major contributor to India’s GDP, India still ranks second worldwide in farm output. HP Nanda knew that the country which runs on agriculture can make his fortune by manufacturing product related to it (tractor). When tractors came to India through ... Views: 945
NATIONAL SPOT EXCHANGE LIMITED
DRAFT ORDER ON AMALGAMATION OF NATIONAL SPOT EXCHANGE LIMITED WITH FINANCIAL TECHNOLOGIES (INDIA) LIMITED
Ministry of Corporate Affairs, on behalf of the Central Government, has issued a Draft Order on amalgamation of National Spot Exchange Limited with ... Views: 842
Lalit Bhasin-led HB group recently proposed a restructuring of its three listed companies – HB Stockholdings Ltd. (HBSL), HB Portfolio Ltd. (HBPL) and HB Estate Developers Ltd. (HBEDL). The restructuring was proposed because of financial stress and for a creation of structures where it will be ... Views: 523
A new entrant in the banking space, Bandhan Bank has acquired HDFC Ltd-promoted Gruh Finance in an all-share deal. On January 7, 2019, the board of directors of Bandhan Bank and Gruh Finance approved the merger subject to regulatory and shareholder approvals. The merger will reduce the promoter ... Views: 543
While there are several valuation techniques, one must choose the one which suits the both the buyer and the seller.
Valuation in any merger is the amount a buyer is willing to pay the seller and if the latter is willing to accept the deal amount. There are different techniques to value a ... Views: 631
While there are several valuation techniques, one must choose the one which suits the both the buyer and the seller.
Valuation in any merger is the amount a buyer is willing to pay the seller and if the latter is willing to accept the deal amount. There are different techniques to value a ... Views: 745
While M&A due diligence is largely confirmatory, joint venture due diligence is informatory
For any joint venture to succeed, it is essential to conduct proper due diligence. An organisation must create an assessment model in due diligence, which will undertake a risk assessment by ... Views: 1939
A 1994 report from Department of Economic Affairs, Ministry of Finance found a lack of specialised financial intermediaries offering funds for infrastructure projects. This lead to the birth of IDFC Limited (IDFC) on January 30, 1997. In 1998, the company registered with Reserve Bank of India ... Views: 749
IDFC and Shriram Group have agreed to merge to create a financial conglomerate and offer various types of retail and corporate loans. The companies will finalise the deal within 90 days (from mid-July 2017). If the deal finally happens and gets all regulatory clearances, then it can create a ... Views: 985
While companies go for mergers to consolidate market share and strengthen geographical presence, small investors may not always gain much from mergers. Companies merge to improve the wealth of their shareholders, but it can affect the shareholders of both companies in different ways. The ... Views: 774
Special Purpose Acquisition Vehicles (SPACs) have emerged as a promising option to raise public funding from offshore markets. They are especially suited for start-ups, who otherwise find it difficult to excite the conservative Indian retail investors. This has become all the more critical as ... Views: 671
The taxation regime for “Slump Sale” deals in India has always been a matter of differential judicial views and even before the advent of latest overhauled indirect tax structure, the position was scarcely settled when it comes to Slump Sale taxation rule. This Article, analyses and attempts to ... Views: 1072