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SPIRITS BUSINESS DEMERGER
Piccadily Agro Q4 Results: Profit rises 14% to Rs 45 cr; FY26 revenue crosses Rs 1,110 cr markets stocks earningsPiccadily Agro Industries Ltd, maker of single malt whisky Indri and Camikara Rum, has reported a 13.6 per cent increase in its net profit ...
IPL an asset class? Karan Taurani on what RCB price tag of $1.8 billion means for Indian cricket and investorsUnited Spirits' $1.8 billion sale of Royal Challengers Bangalore has sparked debate on IPL franchise valuations, nearly doubling analyst ex...
Budget 2026 could simplify income tax rules for global mergers involving Indian firmsIndia Budget 2026: India's integration with global markets faces tax challenges in overseas restructurings. Current tax laws create uninten...
ITC Hotels shares fall 5% after listing. Should you buy, sell or hold?ITC Hotels shares debuted at Rs 188 on BSE following the ITC Ltd demerger, but quickly hit a 5% lower circuit due to shareholder exits. Des...
India Glycols partners Amrut Distilleries, plans to demerge spirits bizIndia Glycols Ltd (IGL) partners with Amrut Distilleries to tap into the premium whisky market in north India. IGL, eyeing double-digit mar...
Vedanta files demerger scheme with NCLTVedanta has filed a demerger scheme with the National Company Law Tribunal (NCLT) after receiving all necessary approvals. The proposed dem...
Vedanta gets clearance from 75% secured lenders for demergerApart from SBI and Canara Bank, lenders to the company include Union Bank of India, ICICI Bank, HDFC Bank, Axis Bank and Bank of Baroda, Ba...
Vedanta gets approval from 75% secured creditors for demerger scheme filingVedanta received approval from 75% of its secured creditors for its demerger scheme. The plan will create six sector-focused entities, simp...
Vedanta's QIP receives bids for Rs 23,000 cr against offer of Rs 8,000 crThe mining major has various projects under execution having high potential for increasing volume, business integration, and enhancing the ...
Vedanta going ahead with demerger of businesses: Chairman Anil AgarwalVedanta Chairman Anil Agarwal announced at the 59th Annual General Meeting that the company is moving forward with the demerger plan to cre...
Hot Stocks: Brokerage view on RIL, Titan Company, United Spirits, ICICI Prudential and DelhiveryMorgan Stanley downgraded Titan Company to Equal Weight with a target price of Rs 3207. The outperformance is likely to see a temporary pau...
Engineering business to grow at more than 20-25% CAGR: Kulin Lalbhai, Arvind LtdThe demerger process is underway and will be completed around August-September.
Shareholders of Arvind will now own 3 companies: Kulin Lalbhai, Arvind Limited“We plan to invest Rs 1500 crore in the textile and manufacturing business over the next three years”
Mapping the market: Look who all gained when market shrugged off border turmoilLiquor stocks soared up to 20 per cent after the Supreme Court dismissed a BJP leader’s plea seeking a complete ban on liquor across India.
Minority shareholders increasingly having a say in key decisions of companiesIn the past few months, public shareholders have managed to push companies to alter or reconsider their proposals that were not in their be...
FMCG brass on alcobev high tableBeam Inc, which has faced allegations of violating anti-bribery laws in the local unit, may announce a new CEO coming in most likely from a...
- Anil Ambani calls for truce with brother Mukesh
The Ambani brothers separated in 2005 after a bitter tussle that has now turned into something of a case study in B-schools. Read full text...
- Independent directors fail
Role of directors needs to be scrutinised after their complicity in the decision by Satyam’s promoters to buy out two family-owned companie...
- United Spirits transfers stake in UB
United Spirits transferred its stake of over 52.60 lakh shares, representing 8.85 % to McDowell Holdings.
- 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...