At the Cusp of a New Beginning Lifestyle | Real Estate | Engineering
In a recent move, Raymond Limited has announced its plan to demerge its "Real Estate Business" into a separate entity which shall be listed pursuant to the demerger. Company"), post demerger of "Lifestyle business is now having Real Estate business and engineering & auto components business ("Engineering Business") through its subsidiaries. The equity shares of RL are listed on nationwide bourses.
In recent past, RL did numerous restructurings to create value for shareholders mainly:
Selling of FMCG business to repay debts
Demerger of Lifestyle Business
Expansion of engineering business by acquisition of 59.25% equity stake in Maini Precision Product Limited for a considerationofINR (Indian Rupees)682 crore.
Now it has embarked on one more demerger of real estate business in its subsidiary and get it listed.
Raymond Realty Limited ("RRL" or "Resulting Company) is a wholly owned subsidiary of RL engaged in real estate business. However, till 31st March 2024, the company has not done any active business.
The Proposed Transaction
The board of directors of RL & RRL have approved a scheme of arrangement which provides for demerger of "Real Estate Business" of RL into RRL.
The Real estate business of RL consists of:
Development of owned land (Circa 100 acres) in Thane
هذه القصة مأخوذة من طبعة August 2024 من M & A Critique.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة August 2024 من M & A Critique.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Cement Sector Consolidation Continues: Orient Cement to be acquired by Adani Group's Ambuja Cement
The shopping spree for the Adani group seems to be unstoppable. Recently, Adani group announced yet another acquisition in the cement space. This time it is Orient Cement Limited.
ITAT held that the reserve created on amalgamation is capital in nature and not taxable as perquisite
Recently, the Income Tax Appellate Tribunal, Mumbai held that the reserve created on amalgamation is capital in nature and not taxable as perquisite.
Mega Consolidation: SeQuent Scientific and Viyash Lifesciences backed by PE Carlyle Group
SeQuent Scientific Limited announced a merger which is expected to create a unique & differentiated platform with leading market position in Animal healthcare segment.
Raymond Group continues Segregation of its Business Verticals
After successful demerger of \"Lifestyle Business,\" Raymond Limited announced yet another restructuring to unlock further value for stakeholders.
Ultratech Cements adds India Cement in its shopping cart
India's Cement Industry is poised for consolidation. In recent past we have seen multiple large & small acquisitions in cement segment for consolidating positions.
Valor Estate Limited: "Diversification" to "Sepration" of Hospitality Business
“From investments in hospitality business, the demerger transaction will enable VEL to start its construction in hospitality”
SIEMENS Energy to be a separate entity in alignment with global strategy
Siemens AG announced its Vision 2020+ which included the spin-off of its Gas & Power [G&P) i.e., Energy Business into Siemens Energy.
Arvind Group separates its Advanced Material Business for independent growth trajectory
Advanced Material Business (AMD) of Arvind Limited focuses on advanced materials and caters to customer needs across the textile value chain, including specialty yarns, fabrics, and ready-made products.
Merger for bail-out from debt obligation
Ind Swift Limited (herein after also referred to as 'ISL' or 'Transferor Company') is engaged in the business of manufacturing of Pharmaceutical Products.
Batliboi Ltd. merging its associate company
Batliboi Limited has a history of collaborations with various foreign technical partners and has subsidiaries like Hydraulic & General Engineers Ltd. and Batliboi International Ltd. In March 2024, the board of Directors of Batliboi Limited accorded their approval for the merger of promoter owned private company with itself.
