The deal will be a share-swap arrangement that will see GEPIL demerge its boiler manufacturing facility in Durgapur to JSW Energy, and the JSW entity will issue 10 equity shares for every 139 shares held by GEPIL shareholders.
Founder Chaudhry’s family maintains about 18 per cent in AESL and Blackstone the remaining 12 per cent. The deal envisaged AESL merging with TLPL as it was more tax efficient for the seller Chaudhrys.
Each shareholder of Raymond Limited will get 4 shares of Raymond Consumer Care for every 5 shares held, when the latter lists
The market prices of Lakshmi Vilas Bank and Indiabulls Housing Finance do not suggest a merger is likely to happen anytime soon
State Bank of India today fixed March 17 as the record date of share swap for the merger of its 5 associate banks with itself.
Gagan Dixit, Oil & Gas Analyst, Elara Capital says in case ONGC acquires stake in HPCL, then the fundamentals of the company will remain the same and will be a positive for HPCL stock
Company plans to grow the loan book in FY17 to around Rs 5000 crore from the current Rs 3270 crore, said HP Singh, CMD, Satin Credit.
Market expert SP Tulsian questioning the rationale behind BNP Paribas's decision to swap 50 percent stake in SREI Infrastructure's company's equipment-leasing JV for a 5 percent stake in the parent.
Under the terms of the recast, Adani Enetrprises port business will be transferred to subsidiary Adani Ports and Special Economic Zone, its power businesses to Adani Power(APL), and transmission business to unlisted Adani Transmissions, which will subsequently be listed
The combined value of the two organisations will exceed about Rs 3,000 crore, said Madhavan Menon.
According to CNBC-TV 18 analysis, the deal is good for Sterling but with limited upside. However, it will lead to huge equity dilution for Thomas Cook.