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.
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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.
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Arvind Group separates its Advanced Material Business for independent growth trajectory
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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
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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
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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.
