The Investment Trust of India Limited ("TITIL" or "Demerged Company") is principally engaged in the business of offering a range of financial products and services. These various businesses are grouped under two broad segments namely:
> Lending Business activities which involve providing of loan or financial facilities to customers through Non-Banking Finance Company (NBFC)
> Non-Lending Business activities which involve securities & commodity broking, fund management services, merchant banking services and distribution of various financial products and services.
The equity shares of the company are listed on nationwide bourses. The key businesses of TITIL i.e., Financing & Broking businesses are being carried through different subsidiaries.
Distress Asset Specialist Limited "DASL" or "Resulting Company") is a wholly owned subsidiary of TITIL and is engaged in the business of providing advisory and financial services.
Growth in last decade:
TITIL was then started as Fortune Financial Services (India) Limited had two major businesses namely broking & lending business. In the end of 2013, the Company witnessed Change of promoters for the company whereby existing promoters acquired controlling stake from the erstwhile promoters and also gave open offer. Immediately after change, new promoters decided to expand the business.
In 2014, they strengthen their broking business by acquiring 100% equity shares of Antique Stock Broking Limited. Further, it also strengthens its merchant banking business by acquiring 68.2% stake of Inga Capital Private Limited. In FY 2015, new promoters also infused INR 116 crore in the company through preferential allotment.
Denne historien er fra September 2022-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 September 2022-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
TRIVENI Group consolidates its Sugar Mills & Distillery while demerging its Power Transmission Business
The Board of Directors of Triveni Engineering & Industries Limited announced consolidation of its recently acquired listed company followed by separation of its power transmission business.
SKF India follows Global Initiative to Separate its Automotive & Industrial Business
Following the footprints of the global announcement made by AB SKF, SKF India Limited decided to split its Industrial business from the automotive business.
JK Paper Group wants to consolidate its core businesses
Recently JK Paper Limited announced internal restructuring which will enable the group to consolidate its paper products operations along with reorganisation of reserves.
Themis Group to consolidate its operations
Themis Medicare Limited (\"TML\" or \"Transferee Company\") is engaged in the business of manufacturing of finished formulations and synthetic Active Pharmaceutical Ingredients (\"APIS\"). The equity shares of TML are listed on the Stock Exchanges.
Siyaram Silk Mills "Special Reward" to Shareholders – Shall Issue Preference Shares as Bonus Shares
Recently Siyaram Silk Mills Limited announced issuance of compulsorily redeemable preference shares as a bonus” to all the equity shareholders.
Cello Group's decides to simplify its corporate structure
Cello World Limited (\"CWL\" or \"Transferee Company\") is a company incorporated under the provisions of the Act.
Whether Long Term Capital Loss allowed in case of Share Capital Reduction?
Recently, Hon'ble the Supreme Court reiterated that reduction in share capital is covered under Section 2(47) of the Income Tax Act, 1961 and assessee is eligible to claim losses.
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.
