Slump Sale

Mankind's new subsidiary will have an initial paid-up capital of Rs 5 crore with a further investment of up to Rs 250 crore in one or more tranches, the press statement added.

The tussle between MNC parent and minority shareholders is not new

While the parent company may choose to consolidate a future-fit business in a 100% subsidiary for ease of technology transfer and operations, the sudden slump sale when a business is just getting into its stride peeves minority shareholders who look for returns when the cycle turns.

Ruchi Soya-Patanjali Ayurved deal: What is a slump sale and what’s its biggest advantage?

Ruchi Soya is buying its parent's food business through a process that gives a lot of flexibility (pun unintended) to both parties

Stamp duty laws for M&A – an overhaul required

Stamp duty laws in our country merit high importance when it comes to inorganic growth strategies developed by corporates. In the interest of inorganic corporate expansion, one of the ask is simplification of the inverted stamp duty structure and bringing uniformity in duty rates, concessions, exemptions with few essential exceptions.

Jet up 11% as Etihad gets CCI nod to buy stake in co's unit

CCI said that the deal was unlikely to have any adverse impact on market competition, as Etihad's purchase of 24 percent stake in Naresh Goyal-led Jet Airways has already been approved and the two carriers were already partners in their respective frequent flyer programmes.

Sezal Glass sells float glass business to Saint-Gobain

Sezal Glass has sold its float glass business to Saint-Gobain Glass India for Rs 686 crore.

Bangalore project valued at Rs 203cr: Viceroy Hotels

The Viceroy Hotels’ board has agreed to hive off Bangalore project division via slump sale.