In a move to separate the Paint Business from its Core Steel Business, Kamdhenu Limited announced Scheme of Arrangement (“Scheme”) whereby, it will demerger its Paint Business to the newly incorporated step-down wholly-owned subsidiary of the Kamdhenu Limited. The Scheme inter-alia also provides for amalgamation of Promoter entities (which together…

RHI Magnesita a global leader in refractory operating in India through its various subsidiaries and wants to merge three subsidiaries where two companies are private limited, and one is listed entity. The merger is designed to optimally position RHI Magnesita’s operations in the strategically important Indian market to capture growth…

Hindalco Industries Limited, the Aditya Birla Group metals flagship company, has become the world’s largest value-added aluminium downstream player in the world with a global footprint spanning 49 state-of-the-art manufacturing facilities in North America, Europe and Asia. This feat was achieved after the company’s wholly owned subsidiary Novelis Inc, completed…

The government finally rescued Yes Bank, the country’s biggest-ever banking failure, by asking state-run State Bank of India to infuse Rs 7,250 crore and take 45% stake in the bank. Reserve Bank of India cleared the ground for the takeover. Proactively, the central bank had unveiled a draft reconstruction scheme…

Readers of M&A Critique are always interested in the details of a transaction may it be merger, acquisition, demerger or slump sale and exchange. One always wants to know the structuring of the deal and the reasons and long-term implications of structuring. But have we ever wondered what the moment…

In a move to consolidate its media and distribution business spread across multiple entities and reduce the number of listed entities, Reliance Industries Limited (RIL) has announced Scheme of Arrangement (Scheme) whereby, TV18 Broadcast Limited, Hathway Cable & Datacom Limited and Den Network Limited will get merged (Amalgamation) into Network18…

The real estate sector in India has unique problems. Earlier, home buyers were not recognized as creditors. So, they had no locus-standi as a creditor till the Insolvency and Bankruptcy Code was amended and they are now recognized as financial creditors (refer the article of Jaypee Infra). As financial creditors…

After many years of wait, around 22,000 home buyers of Jaypee Infratech Limited (JIL) in the National Capital region (NCR) got some sigh of relief when state-owned construction company NBCC got the final approval from the National Company Law Tribunal (NCLT) to acquire debt-ridden township developer Jaypee Infratech under the…

Godawari Power & Ispat Ltd. (GPIL), a listed company, is going to acquire the power undertaking of its unlisted associate company, Jagdamba Power and Alloys Ltd. (JPAL). It is going to be an all stock deal. Earlier in 2018, the companies had tried to amalgamate JPAL into GPIL but the…