Page 12 - Merger

Borosil merges five entities into two to simplify group structure

The Borosil Group, which runs the flagship kitchen and dining ware business under the brand names of Borosil and Larah, is amalgamating its two listed group companies and three promoter-held companies. Following the merger, for which it has received the necessary statutory approvals, the promoters' holding in Gujarat Borosil will come down to 70.5 per cent from 74.95 per cent now, the group said in a statement on Wednesday. Amalgamation envisages merger of Gujarat Borosil, Vyline Glass Works and Fennel Investment & Finance into Borosil Glass Works and also demerger of consumer and scientific businesses of Borosil Glass Works into Borosil, the group said. The merger is to simplify group structure by eliminating cross holdings and will give Borosil Glass Works shareholders direct proportional shareholding in the Gujarat Borosil business to reduce related party transactions to create more administrative efficiencies. Under the merger, two shares of Gujarat Borosil will fetch one ...

Hexcel Corp and Woodward combine in merger valued at over $6 billion

The deal is valued about $6.43 billion based on Reuters calculations using Friday's closing stock prices of $121.96 for Woodward and $72.91 for Hexcel

Dr Reddy's gets nod for amalgamation of Dr Reddy's Holdings into company

21,026 votes, which accounted for the rest 0.02 per cent, were posted against the resolution, it added

PSA, Fiat Chrysler unveil mega carmaking merger in a bid to boost savings

The merged company would have combined sales of nearly 170 billion euros per year and 11 billion euros of operating profits, the carmakers said

IHFL-LVB merger: RBI seeks 'no objection' from 12 agencies, regulators

The tax department is probing overseas investments carried out by Gehlaut and his family trusts

Lakshmi Vilas Bank board approves merger with Indiabulls Housing Finance

For every share held, the shareholders of the private-sector bank would be entitled to get 0.14 share in Indiabulls

Busted merger deals of 2016

The broken deals represent almost a quarter of the $3.55 trillion in transactions announced

Mergers: Should non-compete fee be dropped?

According to reports, the market regulator is consider reviewing whether non-compete fees should be allowed in mergers

Insuring success

The landscape of bancassurance promises to be shape-shifting, post Max Life-HDFC Life merger