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Vedanta had on August 14 received an administrative warning from Sebi over modification to the Scheme of Arrangement without prior written consent of Sebi.
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Management said that given the high-growth, low-margin nature of the category, access to external funding will be crucial for future expansion
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The gap in the Income-Tax Bill, 2025 may hurt MSMEs and startups, which have been relying on simplified restructuring routes
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The real estate arm of Raymond Group reported a topline of around Rs 2,300 crore in FY25 — a growth of over 40 percent year-on-year — while its profit before tax stood at around Rs 372 crore. The company’s management has guided for annual growth of around 20 percent in pre-sales bookings over the next few years.
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Unbundling of charges is key to understand the needs of revenue sufficiency of clearing corporations
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Last year, ITC decided to demerge its Hotel business into a separate listed entity to unlock value for shareholders. It fixed the demerger ratio at 1:10, which meant that shareholders holding 10 shares of ITC, as on January 6, 2025, will receive one share of ITC Hotels post the demerger.
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ITC Hotels has officially been spun off from ITC, marking a significant milestone for the conglomerate. Shareholders now own ITC Hotels shares as part of the demerger plan, which promises value unlocking and sharper strategic focus for both entities. What does this mean for ITC's future, the hospitality sector, and investors? Zoya Springwala breaks it all down, from key dates, shareholder response, listing price predictions, to the future prospects of ITC Hotels post-demerger.
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ITC Hotels would be cumulatively incurring 8-10% of revenue on capital investments, on-going and new greenfield projects. The demerged entity will also be well-poised to execute 'selective inorganic opportunities' too, said ITC.
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ITC could extend its outperformance in the FMCG space as Antique Broking has recommended a Buy with a target of Rs 563 per share, riding on buoyancy of demand for hotels and the revival in agri business.
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BASF India's German parent has set out a plan to separate the agricultural solution business by 2027, in an effort to streamline and generate higher returns from its main businesses.
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Delta Corp's shares surged by 8 percent on September 25 after announcing a demerger of its Hospitality and Real Estate businesses into a new entity, Delta Penland Private Limited, aimed at unlocking value and fostering growth.
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Shares of Infibeam Avenues fell up to 8 percent as the stock traded ex-date for the spin-off of its digital marketing arm, Odigma Consultancy Solutions.
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The existing shareholders of the Rossell Techsys would hold the shares of two listed entities after the scheme became effective; giving them flexibility in managing their investments in the two businesses having differential dynamics.
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The demerger will create independent companies housing the aluminium, oil & gas, power, steel and ferrous materials, and base metals businesses, while the existing zinc and new incubated businesses will remain under Vedanta Limited.
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Jio could list at a $112 billion valuation, potentially boosting RIL's share price by 7-15 percent, Jefferies said.
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Shareholders of Raymond will receive one share of Raymond Realty for each share held. Following completion of the demerger, Raymond Realty will be listed on both stock exchanges.
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Post its listing, Forbes Precision Tools now commands a greater market capitalisation than Forbes & Co, the company from which it demerged.
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New Delhi, Jun 6 Mining conglomerate Vedanta Limited has received approvals from the majority of its creditors for a proposed demerger of businesses, ma..
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Around 99.6 percent shareholders voted in favour of demerger, while just 0.4 percent voted against it, says ITC
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HEG has one of the largest integrated Graphite Electrode plants in the world, and exports over 70% of its production to more than 30 countries of the world.
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Siemens strategic shift with demerger of the energy business into a new entity aims to create two robust, independent listed entities with more focused business strategies.
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Moneycontrol had reported last year that the government will dilute about 3.5 percent out of the total 29.5 percent stake via offer for sale (OFS) route
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Without Madura's cash flow, Aditya Birla Fashion may need more external fundraising, leading to possible shareholder equity dilution, Kotak noted.
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Vedanta had in September last year announced the creation of demerger of metals, power, aluminium, and oil and gas businesses to unlock potential value
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While M&M prioritizes maximising shareholder value through synergies, Shah says the group can consider a demerger if it promises greater value but such deliberations are not on the immediate agenda
