The equity shares of KPIT Technologies Limited were listed on nationwide bourses. Birlasoft (India) Limited was an unlisted company with having presence in business information technology solutions. These two companies were owned & run by different promoter groups.
In January 2018, KPIT Technologies Limited & Birlasoft (India) Limited joined hands and announced the amalgamation of Birlasoft (India) Limited with KPIT Technologies Limited immediately followed by the demerger of the engineering business of KPIT Technologies Limited into KPIT Engineering Limited which later got listed on nationwide bourses separately.
Sale and Consolidation of information technology business (IT) of KPIT & Birlasoft under Birlasoft management followed by listing of Birlasoft (India) Limited. The IT business of KPIT was more than double that of Birlasoft at the time of the transaction.
Separation of the engineering business under KPIT management
In fact, KPIT management sold their stake in business information technology to the promoters of Birlasoft and in the process it increased its stake in the engineering business.
The transaction was concluded in January 2019 whereby the KPIT promoter group continued to have full control of the engineering business of KPIT Technologies Limited & Birlasoft promoter group took control of the consolidated Business information technology solutions business of KPIT along with its own. The names of the companies were also changed. KPIT Technologies Limited's name changed to Birlasoft Limited & KPIT Engineering Limited's name changed to KPIT Technologies Limited. Post demerger, both KPIT & Birlasoft promoters did sell THEIR respective shares to another promoter group.
Diese Geschichte stammt aus der April 2023-Ausgabe von M & A Critique.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der April 2023-Ausgabe von M & A Critique.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
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.
TVS Motors issuances of convertible preference shares as bonus instead of dividend
Recently, well known auto manufacturer announced the issuance of preference shares as a bonus to all equity shareholders.
Aditya Birla Fashion & Retails Scheme to undo its consolidation
Corporate restructuring saga continues for Aditya Birla Group.
Advent International to combine its listed & private entity business
Recently, Advent International announced the merger of its privately held pharma company into recently acquired listed pharma company.