Amalgamation

Saraswat Co-operative Bank announces intent to merge New India Cooperative Bank into itself

The voluntarily amalgamation subject to approval of shareholders of both banks. Saraswat Co-operative Bank will be taking over all the assets and liabilities of New India Cooperative Bank, post-merger.

Gujarat PSUs to unlock value through amalgamation

One of the biggest advantages of the amalgamation is that Gujarat Gas will be able to utilise the Rs 7,200 crore in carry-forward losses from GSPC. This tax benefit from absorbing the losses is expected to result in a significant profit boost for the merged entity.

Tata Steel calls off merger with TRF, amalgamation of 5 other businesses done

In 2022, Tata Steel announced plan to amalgamate nine strategic businesses to simplify operations

NCLT allows scheme of arrangement pertaining to six Haldiram companies

Haldiram had sought a demerger and an amalgamation of different sets of companies whose paid-up share capital ranged from Rs 10 lakh to Rs 10 crore

RBI approves voluntary amalgamation of Akola Merchant Co-operative Bank with The Jalgaon Peoples Co-operative Bank

The branches of Akola Merchant Co-operative Bank will function as branches of The Jalgaon Peoples Co-operative Bank with effect from August 28, a release from RBI said

HDFC-HDFC Bank merger: What does it mean for depositors and borrowers?

The merger could take up to 18 months to be completed and after that depositors will be offered HDFC Bank’s deposit rates

Lakshmi Vilas Bank locked in upper circuit on signing LOI with Clix Capital

Lakshmi Vilas Bank was locked in upper circuit on June 16 after the bank signed a preliminary, non-binding letter of intent (Loi) with Clix Capital Services Private Ltd.

Pinnae Seeds amalgamation to help increase capacity to 1,10,000 tonnes: Waterbase

In an interview to CNBC-TV18, Ramakanth Akula, CEO of Waterbase gave an update on the amalgamation with Pinnae Seeds which is a part of their group company. He also shared his outlook for the company going forward.

Kalindee Rail Nirman gains 7% on Rs 197 crore order win

The company's board meeting will be held on January 30 to consider the fixation of record date for issuance and allotment of equity shares of Texmaco Rail to the shareholders of the company.

OCS Group targets Rs 1,000 cr revenue by FY20

Facility management services firm OCS Group (India) expects its revenue to more than double to Rs 1,000 crore in the next three years.

Max Life, HDFC Life merger to be completed in 12 months

With Max Financial Services getting merger approval from minority shareholders, the amalgamation of Max Life and HDFC Life is likely to be completed in the next 12 months.

Shilpa Medicare up 6%, to acquire Navya Biologicals

The company's board has approved the acquisition of Navya Biologicals in exchange for 14 lakh shares of company to be issued to the shareholders of Navya Biologicals.

Emami Infra up 20% on merger of subsidiaries with company

Calcutta high court has sanctioned the scheme of arrangement for amalgamation of Emami Realty and Emami Rainbow Niketan, the wholly-owned subsidiaries, with the company in the open court.

RBI issues master direction on merger of pvt sector banks

The Reserve Bank today came out with master direction for merger of private sector banks and also between NBFCs and banks.

Gloster surges 19% on bonus, amalgamation announcement

The company at its meeting held on March 29, 2016, has decided to issue bonus equity shares in the ratio of 1:1

McNally Bharat to merge itself, subsidiaries with Kilburn Engg

McNally Bharat today said its board has approved merger of the company, its subsidiary McNally Sayaji Engineering and EMC Ltd with Kilburn Engineering.

Vodafone moves court against I-T notice seeking 'special audit'

In another twist to a high-profile tax battle, Vodafone has moved the Delhi High court after it recieved a notice from the Income-Tax department seeking a "special audit" of the company's books.

Dishman Pharma up 7% on board nod for bonus issue, amalgamation

"Board of directors, on February 24, has recommended a bonus issue of equity shares in ratio of one equity share for every one equity share held, as on the record date to be determined by the board. It will be subject to approval by the shareholders," the Ahmedabad-based pharma company said in its filing.