The demerger will result in an equity shareholding mix in which the owner of seven IIFL Holdings shares will get seven shares of IIFL Finance, seven shares of IIFL Securities and one share of IIFL Wealth
Separate listing of Lumina Datamatics could still offer about 18% gain for shareholders
Our calculation suggest that sum total of these individual businesses on a conservative basis accrues to about Rs 1,350-1,365 a share, which is quite attractive compared with the CESC’s current market price of Rs 913 share
Plan to aggressively grow Spencer's in Bengal, UP and Andhra Pradesh but will grow sensibly and profitably, said Sanjiv Goenka,Chairman, CESC.
The engineering business will be demerged in to an entity which will be named Anup Engineering
Demerger helps the specific companies to align their own objectives and also help them raise resources independently, said Sanjay Lalbhai, CMD, Arvind.
In an interview to CNBC-TV18, Rahul Modi, Research Analyst at Antique Stock Broking shared his analysis of CESC demerger.
Macquarie, which maintains most aggressive 12-month target price of Rs 1,100 on CESC sees sharp re-rating in the stock price due to restructuring exercise.
Vikram Suryavanshi, Philip Capital said now with the approvals for the demerger in place, the company will approach BSE or NSE to get the listing date on the exchanges.
Reliance Communications today said it has received approval of the Competition Commission of India (CCI) for the demerger of its wireless division into Aircel Ltd and Dishnet Wireless Ltd.
The company has filed an application with National Company Law Tribunal (NCLT), Mumbai Bench, for approval of the said scheme
The company recently concluded the construction of a 1320-MW thermal power plant in Andhra Pradesh and its overall power portfolio now aggregates 2,640 MW.
Talwalkars would have done better in the third quarter if it was not for demonetisation, says CFO & Wholetime Director Anant Gawande, adding, around 3-4 percent growth was lost.
Shares of Talwalkars Better Value Fitness gained 5.5 percent intraday Friday on demerger of gym business.
Demonetisation will certainly be good for the economy in the longer run but it is tough to ascertain how long the adjustments will take says Ajay Srinivasan of Aditya Birla Group in an interview to CNBC-TV18.
CK Birla Group firm Orient Paper and Industries Limited (OPIL) today said that its board has approved the demerger of its consumer electric division into a new entity -- Orient Electric.
Reduction in internal costs and operational efficiencies aided profitability in the second quarter, further aided by stable demand said ML Pachisia MD, Orient Paper & Industries.
Himalya International Ltd today said its board has approved the demerger of its food processing division in Gujarat and real estate business in Rajasthan.
IIFL Holdings has received nod from its board to demerge '5Paisa Digital Undertaking' from IIFL Holdings Ltd (IIFL) into its fully owned subsidiary 5Paisa Capital Ltd (5Paisa).
CNBC-TV18'S Farah Bookwala Vohra caught up with Manish Mandhana, MD of Mandhana Industries and began by asking him to detail their demerger plans and what the business will be like going ahead.
The board of directors of Fortis Healthcare on Friday approved the demerger of its diagnostics business. Fortis will include its diagnostics business into Fortis Malar Hospitals which will later be renamed SRL, the company said in a filing to BSE.
Fortis Healthcare's board has given an in-principle nod for the demerger of its diagnostics business. The demerger, on which a committee will take a decision on August 19, is an opportunity to unlock value, says CEO Bhavdeep Singh.
IDFC Ltd today posted a consolidated net profit of Rs 181.21 crore for first quarter of this fiscal.
Max India today listed its shares following a three-way group demerger between its life insurance (now Max Financial Services), healthcare (Max India) and manufacturing businesses.