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AMALGAMATIONS AND DEMERGERS
Triveni Engineering Q4 profit falls to Rs 167.4 crore; FY26 profit rises 12.8%Triveni Engineering & Industries reported a consolidated net profit of Rs 167.4 crore for Q4 FY26, a decrease from Rs 187.1 crore in the pr...
Govt notifies wider scope for fast track mergers under Companies ActThe government has broadened the scope of fast track mergers under the Companies Act, 2013, to expedite corporate restructuring, particular...
Assocham asks govt to consider single TDS rate in next BudgetAssocham, in its pre-budget recommendations, proposed a single TDS rate of 1-2% for resident assesses to simplify tax compliance and reduce...
Raymond approves demerger of real estate business, to list on exchanges separatelyRaymond Ltd has approved the demerger of its real estate business into Raymond Realty Ltd following the recent composite scheme of arrangem...
Govt brings clarity in policy for FDI in real estate businessAccording to a Press Note of the Department for Promotion of Industry and Internal Trade (DPIIT), it is clarified that FDI is not permitted...
Piramal board okays demerger of pharma, financial services operationsThe amalgamation of PHL Fininvest Private Limited with PEL will create a listed non-banking financial services (NBFC) entity. The merged ho...
Jubilant Life Q2 profit up 19% to Rs 249 cr; firm to demerge Life Science Ingredients bizTotal revenue from operations stood at Rs 2,265.93 crore for the quarter under consideration.
PC Jeweller gets board's nod for export division demergerThe export division's turnover stood at Rs 2,690.37 crore as on March 31, 2018, which is 28.35 per cent of PCJL's turnover.
SRL Diagnostics’ demerger from Fortis Healthcare deferred yet againThe National Company Law Tribunal (NCLT) in Chandigarh, expected to make a decision on the demerger, will now hear the matter in early Octo...
Max Life and HDFC Life 'committed to merger', weighing optionsIn November last year, Irdai had posed reservations on the present form of amalgamation of Max Life and HDFC Life into a single entity to c...
Fresh merger structure to IRDA by Max Life-HDFC LifeIRDA expressed concerns about the deal structure since the last stage of the merger was between a holding company and a life insurance comp...
HDFC Life, Max Financial Services group's mega insurance merger plan hits IRDAI's roadblockIn a filing to stock exchanges, the company said, “IRDAI has expressed reservations to accept the scheme of amalgamation in its current for...
Max India gets shareholders' nod for composite merger planThe decision follows postal ballot result. The company passed an ordinary resolution to approve the process.
Hester Biosciences board approves scheme of amalgamation and arrangementFor merger of Diavetra, GAFL and Hester Mauritius into Hester India, no shares of Hester India will be issued on amalgamation, Hester Biosc...
- Budget 2011: COAI for continuing tax holiday benefits in case of M&As
Cellular Operators Association of India (COAI) has demanded that tax holiday benefits in case of mergers/ amalgamations be continued.
- Govt eases norms for pvt FM channels to set up arms
Government on Thursday eased norms for private FM radio sector allowing the players operating for less than five years to set up subsidiari...
- SEBI says no to non-IPO first day price band
Taking note of concerns that a circuit limit on first day of trading could hamper price discovery, market regulator SEBI has asked the bour...
- Core cos in a knot over tax holiday
Infrastructure cos may have to rush with their plans of amalgamation or demerger to continue tax exemption.
- HLL gets board's nod to merge Modern Food with itself
Hindustan Lever Ltd on Friday said it will merge MFIL and its subsidiary MFNIL with itself.
- Mcdowell to merge 8 group cos with itself
Vijay Mallya-controlled Mcdowell & Company Ltd on Monday said it will amalgamate Shaw Wallace Distilleries Ltd, Herbertsons Ltd and six oth...