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DRAFT MERGER SCHEME
NCUI hails merger of PMC BANK with Unity SFB; bats for security of depositors' moneyOn January 25, the union finance ministry had approved the merger of PMC Bank with Unity SFB, protecting it from liquidation and bringing r...
LVB shares rise after Cabinet approves merger with DBS IndiaOn November 17, the RBI unveiled a draft merger scheme under which DBS will infuse Rs 2,500 crore regulatory capital into the cash-strapped...
Lakshmi Vilas Bank tumbles to all-time low, erodes 48% over 5 sessionsThe stock has been falling for five straight sessions and has erased more than 48 per cent of its value in the period.
DBS offered to buy 50% of Lakshmi Vilas Bank in 2018, but RBI rejected: PromoterAccording to Pradeep, promoters are also looking at approaching markets watchdog Sebi but will wait for the final scheme of merger that the...
IRDAI issues exposure draft on compensating shareholder on merger of insurersUnder Section 37A (4A) of the Insurance Act, 1938, the shareholders and members whose rights have been adversely impacted by the scheme of ...
Independent directors get a bigger say in merger, demergerSome corporate lawyers said independent directors may find it challenging to provide such a recommendation.
Equitas Holdings tanks 13% as Sebi rejects scheme of arrangement for banking armEquitas had also approached Sebi with a reverse merger proposal but was turned down.
Bharat Financial gets bourses' nod for merger with IndusIndCatering mainly to the economically weaker sections of the society.
Sebi eases 'scheme of arrangement' rules for listed cosThe move is aimed at expediting the processing of draft schemes.
Sebi issues new norms for listing of NCRPS in mergersSebi issued a new framework for listing of non-convertible debentures and nonconvertible redeemable preference shares.
Sebi issues listing norms for NCDs in mergersThe Securities and Exchange Board of India (Sebi) said that the minimum tenure of such securities would be one year.
Jaypee Sports International merger with Jaiprakash Associates gets NSE nodJaiprakash Associates' proposed merger of subsidiary Jaypee Sports Intl Ltd with itself has received green signal from NSE.
Tata Global gets bourses' nod to merge Mount EverestLeading bourses BSE and NSE have given approval for the merger of Mount Everest Mineral Water with its parent firm Tata Global Beverages.
Tata Coffee gets NSE nod to merge Alliance Coffee with itselfNSE also said that Sebi's observations on the scheme requires Tata Coffee to display 'fairness opinion' submitted by it on the website of l...
- Bajaj Hindusthan revises merger scheme; excludes Bajaj Aviation
Bajaj Hindusthan today approved a modification in the draft merger scheme as per which only Bajaj Eco-Tec Products will be merged with it.
- Policyholders can now inspect insurers’ M&A proposals
Policyholders’ will have the right to inspect merger and acquisition proposals for general insurance companies after they receive an in-pri...
- NMDC to acquire SIIL, plans to invest 400-500 cr
Country's largest iron ore producer NMDC Ltd has proposed to acquire Hyderabad-based Sponge Iron India for about Rs 81 crore. Thereafter, i...