M&A Critique
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John Cockerill’s Strategic shift: Consolidating global metals under the India-listed entity

John Cockerill Group is aggressively pivoting toward Green Steel and decarbonization, leveraging MoUs with major players like SAIL to explore green hydrogen integration and introducing net-zero technologies like Volteron™ and Jet Vapor Deposition (JVD). This is supported by a strong domestic manufacturing base in Taloja, which continues to secure high-value contracts for specialized electrical steel […]

Strategic Reorganization and Value Unlocking: The Demerger of Religare’s Financial Services into Religare Finvest Limited

Religare Enterprises Limited (REL) was originally incorporated as Vajreshwari Cosmetics Private Limited on January 30, 1984, pivoting into financial services in 1994 with the establishment of Religare Securities Limited. Over time, it grew into one of India’s diversified financial services conglomerates, listed on both BSE and NSE. REL is registered with the Reserve Bank of […]

Corporate Law – Reforms and Regulatory Amendments 2026 – Proposed

The Corporate Laws (Amendment) Bill, 2026, introduced in the Lok Sabha on March 18, 2026, proposes several significant changes to both the Companies Act, 2013 and the Limited Liability Partnership (LLP) Act, 2008. These amendments are designed to improve the ease of doing business, simplify compliance, and recognize new business practices. Major changes related to […]

The Great Unbundling: Why Magnum is Separating Paper from Hospitality

Magnum Ventures Limited (“Demerged Company”) proposes a demerger of its Paper Business into its wholly owned subsidiary Magnum Paperz Limited (“Resulting Company”) and proposes to list the new company post demerger. The hotel business will remain with Magnum Ventures. As part of the same scheme, it is going to restructure the paid-up capital by reduction […]

Exit Opportunity or Forced Eviction? The Contentious Journey of BTL’s Minority Shareholders

The Honourable Supreme Court of India addressed a challenge by minority shareholders against a reduction of share capital. Before we deep dive into the judgment for contextual here is a table outlining the timeline of Bharti Telecom Limited’s (BTL) journey, from its delisting and consolidation of Bharti Airtel Limited (BAL) shares to its capital restructuring […]

Reverse-Listing a Giant: The Absorption of Hinduja Leyland Finance by NDL Ventures

The Scheme of Merger by Absorption provides for the merger of Hinduja Leyland Finance Limited into NDL Ventures Limited pursuant to Sections 230 to 232 of the Companies Act, 2013. The scheme was approved by the respective Boards on 25 November 2025, with an Appointed Date of 1 April 2026. Hinduja Leyland Finance Limited (HLFL) […]

Ratchets in M&A: Navigating the tax and regulatory field in India

In today’s deals, investors are taking bolder bets on niche, unproven businesses where future performance is highly uncertain. This makes it even harder — for both founders and investors — to answer a basic question: what is this company worth right now? While earn-outs are a well-known tool for bridging that gap by tying part […]

Navneet Education Absorbs Indiannica’s CBSE and ICSE Portfolio to Drive Growth Synergies 

The board of Directors of Navneet Education Limited (NEL) and Indiannica Learning Private Limited (ILPL) approved a composite scheme to consolidate its complementary publishing portfolios into a single entity, creating a more competitive market offering with stronger brand visibility and integrated content teams. The strategic move drives value for stakeholders and capital reduction shall allow […]

Insolvency and Bankruptcy Board of India (IBBI)’s Order Suspending Registered Valuer

On October 1, 2025, the Insolvency and Bankruptcy Board of India (IBBI) issued a disciplinary order against Mr. Chandran R (Valuer), a Registered Valuer for land and building, following an inspection into his valuation reports for M/s. Jeypore Sugar Company Limited (JSCo) Background Mr. Chandran R (Reg. No. IBBI/RV/04/2019/10668), a Registered Valuer for Land & […]

GAMCO Limited merger with its Wholly Owned Subsidiary – Under New Rules – FAST Tracked

GAMCO Limited has entered a proposed Scheme of Amalgamation of Complify Trade Pvt Ltd with GAMCO. The scheme, pending shareholder approval, is the fast-track merger under Sec 233 of the Companies Act, 2013 and governed by the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2025 rules applicable to small companies and the merger of wholly […]

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