After successful demerger followed by separate listing of its Container Freight Stations/Inland Container Depots business and equipment rental, logistics parks and other real estate assets, Allcargo Logistics Limited announced yet another restructuring which shall pave the way for separation of its core international supply chain business followed by simplification of its group structure.
Allcargo Logistics Limited ("ALL" or "Demerged Company" or "Transferee Company 2") is directly, & indirectly through subsidiaries, engaged in the International Supply Chain Business as well as Express Logistics and Contract Logistics businesses. The equity shares of ALL are listed on nationwide bourses.
Allcargo Supply Chain Private Limited ("ASCPL" or "Transferor Company 1") is a wholly owned subsidiary of ALL engaged in the business of contract logistics and warehousing.
Allcargo Gati Limited ("AGL" or Transferee Company 1 or Transferor Company 3) is a subsidiary of ALL inter alia engaged in the business of in the business of domestic express and supply chain logistics through its subsidiary Gati Express & Supply Chain Private Limited.
To have a registered office in the same state as that of other companies involved in the transaction, AGL is in the process of transferring its registered office from the state of Telangana to Maharashtra which shall be done before filing of the scheme with Hon'ble NCLT (National Company Law Tribunal). Thus, the composite scheme shall be required to be filed only in one state. The equity shares of AGL are listed on nationwide bourses. As on date, ALL holds 50.16% share capital of AGL.
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Denne historien er fra February 2024-utgaven av M & A Critique.
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STRATEGIC MERGER SHALL CATAPAULT ASTER DM AS THE 3rd LARGEST HOSPITAL CHAIN IN INDIA
\"The resulting merged listed entity will be called Aster DM Quality Care Limited\"
STAMP DUTY EXEMPTION ON TRANSFER OF SHARES AS PART OF MERGER OF SUBSIDIARIES
A Writ Petition was filed by Ambuja Cements Limited (hereinafter \"the Petitioner\" or \"ACL\"), challenging the imposition of stamp duty on a merger order under Article 23 of Schedule IA of the Indian Stamp Act, 1899 by Collector of Stamps, Delhi (hereinafter \"Respondent\").
Acquisition of Plastic Injected Moulding Business from Sundaram Auto helps Pricol Group to a leadership position in Auto Component Sector
Recently, Sundaram Auto Components Limited, a wholly owned subsidiary of TVS Motor Company Limited approved the sale of its injection moulded plastic component solutions division to Pricol Precision Products Private Limited, a wholly owned subsidiary of Pricol Limited, as a going concern on a slump sale basis.
Simplifying the Corporate Structure - Merger of Inox Leasing and Financing with Gujarat Fluorochemicals
The board of Directors of some of Inox group entities have approved a Composite Scheme of Arrangement which provides for first demerger of Wind business of Inox Leasing and Finance Limited being a promoter group entity into Inox Holdings and Investments Limited and subsequently, merger of remaining Inox Leasing and Finance Limited into Gujarat Fluorochemicals Limited to provide direct holding of listed company to the promoters.
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”
