Recently, TVS Holdings Limited announced completion of its demerger of non-ferrous gravity and pressure die castings business along with the amalgamation of its holding company & other group entity. The entire transaction was highly intricated however, was so perfectly aligned & executed in accordance with commercial understanding.
Most family arrangement becomes complicated when you have companies both private and listed involved as part of transaction however recent implementation of family arrangement of TVS group clearly stands exception to this. Despite having multiple businesses & family tranches, the entire scheme of things being executed without any significant hurdle.
The family arrangement is being carried by way of two key transactions:
First, mega restructuring involving 14 companies (with multiple demergers & mergers) being executed through a single composite scheme
Second being complex restructuring carried by listed TVS Holdings Limited which facilitated merger of group entity & holding company along with demerger of non-ferrous gravity and pressure die castings business
Though, the second part is with respect to only one of the family members of TVS group and being executed independently with listed entity involvement, one may believe that the same was executed as integral part of the larger family arrangement as TVS Holdings Limited being the largest part of TVS entity (TVS Holdings Limited is holding 50.26% equity interest of TVS group's flagship company TVS Motors Company Limited)
TVS Holdings restructuring was not only to pave the way for separation of TVS Motors ownership from non-ferrous gravity and pressure die castings business, but it also effectively parked the consideration payable by the T.S. Srinivasan family to other members into a listed company for getting the sole control of the flagship business.
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Denne historien er fra December 2023-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\").
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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
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