The Shares of the TWL are listed on NSE and BSE. The market cap of TWL is around Rs 600 crore.
CIMMCO Limited (CIMMCO) a public limited company incorporated in the year 1943 under the Companies Act, 1913 under the name Texmaco (Gwalior) Limited. Thereafter the name of the company changed several times with the current name changed in the year 2010. The shares of CIMMCO are listed on NSE and BSE. The majority shares of CIMMCO (74.89%) are held by TWL. The market Cap of CIMMCO is around 65 crore.
CIMMCO is mainly into the business of manufacturing of railway wagons and heavy engineering projects / products with manufacturing facility at Bharatpur, Rajasthan.
Titagarh Capital Private Limited (TCPL), a NBFC registered with Reserve Bank of India and a private limited company originally incorporated in the year 1994 with name and style as under Flourish Securities and Finance Private Limited. The name of the company changed to TCPL in the year 2012. TCPL is 100% subsidiary of TWL.
TCPL is engaged in business of leasing of wagons, investments, and other nondepositing accepting non-banking financial activities.
TWL, CIMMCO and TCPL are belong to Titagarh Group. Titagarh group contains various divisions viz Railway, Defence,
Tractor, Heavy Earth Moving and Mining Equipment Division, Bailey Bridge Division.
Brief History:
• CIMMCO Ltd. is very old company which was registered in the year 1943 and was mainly engaged in manufacturing of railway wagons and heavy engineering products with manufacturing facilities located at Bharatpur (Rajasthan). The name of the company was changed to CIMMCO Birla Limited (CBL) in the year 1994. In the year 2000, the company was declared sick by the Board for industrial & Financial Reconstruction (BIFR) and the operations of the CIMMCO was suspended at its manufacturing plant.
Denne historien er fra October 2019-utgaven av M & A Critique.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra October 2019-utgaven av M & A Critique.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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.
