The post test first appeared on M&A Critique ..read more

Recently, Advent International announced the merger of its privately held pharma company into recently acquired listed pharma company. Advent being one of the largest private equity entities, is the merger move looking for 1+1=11?    COHANCE LIFESCIENCES LIMITED (the “Transferor Company” or “Cohance”) is, inter alia, engaged in the business of: (i) end-to-end contract development and manufacturing of intermediates(CDMO) and active pharmaceutical ingredients (“APIs”) for innovator customers; (ii) manufacturing of intermediates, APIs, finished dosage formulations for pharmaceutical co ..read more

Recently, Vuenow Infratech Limited, a BSE listed company, announced the merger of two private companies itself. Though the company is small (rather miniscule), recent past events & some of the facts related to private entities make the transaction interesting. Vuenow Infratech Limited (“Transferee Company” or “VIL”) was incorporated under the name “Good Value Irrigation Limited” in 1993. In 2023, the existing promoter “Rahul Bhargav” acquired a controlling stake in VIL from erstwhile promoters. Consequently, the name of the company changed to VIL. Post-acquisition, VIL changed its object ..read more

Recently, Eris Lifesciences Limited announced the acquisition of the ‘branded Formulation Business’ of Biocon Biologics Limited pertaining to the Indian territory through slump sale. In addition, ELL also announced a foreign acquisition. Eris Lifesciences Limited (“ELL” or “Eris”) is a publicly listed Indian pharma company and is a leading player in the domestic branded formulations market. Established in 2007, ELL has been focusing on chronic and sub chronic lifestyle related therapies. ELL is a fully integrated business with manufacturing facilities in Guwahati and Gujarat. As part of its a ..read more

Recently Adventz (Zuari) Group announced the consolidation of its two group listed entities. One of its listed companies is entirely controlled by Adventz Group while the other being jointly controlled with OCP, Morocco (Morocco government entity).    MANGALORE CHEMICALS & FERTILIZERS LIMITED (hereinafter referred to as the “Transferor Company” or “MCFL”), is inter alia engaged in the business of manufacture, purchase, import and sale of fertilizers. The Equity Shares of MCFL are listed on the nationwide stock exchanges. MCFL is controlled by Zuari Agro Chemicals Limited which o ..read more

After keeping different operational listed entities for years, Rane Group, one of the key players in the Auto Ancillary space has decided to consolidate its listed operational companies under Rane (Madras) Limited. Rane Engine Valve Limited (hereinafter referred to as “REVL” or “Transferor Company-1”) was incorporated in 1972, is engaged in the business of manufacturing and marketing of auto components for the transportation industry viz., engine valves, valve guide and tappet. The equity shares of Transferor Company-1 are listed on BSE Limited (“BSE”) and National Stock Exchange of India Lim ..read more

Recently Dalmia Group announced yet another restructuring of one of its group companies Dalmia Bharat Refractories Limited. After selling its core business last year to RHI Magnesita, Dalmia Bharat Refractories Limited was trying to evaluate various opportunities. Dalmia Bharat Sugar and Industries Limited is incorporated in 1951 under the provisions of the Indian Companies Act, 1913, having its registered office at Dalmiapuram, District Tiruchirappalli, Tamil Nadu (“DBSIL” or “Demerged Company”). The equity shares of DBSIL are listed on BSE Limited and National Stock Exchange of India Limite ..read more

Recently Dalmia Group announced yet another restructuring of one of its group companies Dalmia Bharat Refractories Limited. After selling its core business last year to RHI Magnesita, Dalmia Bharat Refractories Limited was trying to evaluate various opportunities. Dalmia Bharat Sugar and Industries Limited is incorporated in 1951 under the provisions of the Indian Companies Act, 1913, having its registered office at Dalmiapuram, District Tiruchirappalli, Tamil Nadu (“DBSIL” or “Demerged Company”). The equity shares of DBSIL are listed on BSE Limited and National Stock Exchange of India Limite ..read more

After successful demerger followed by separate listing of its Container Freight Stations/Inland Container Depots Business and Equipment Rental, Logistics Parks and other Real Estate assets, Allcargo Logistics Limited announced yet another restructuring which shall pave the way for the separation of its core international supply chain business followed by simplification of its group structure. Allcargo Logistics Limited (“ALL” or “Demerged Company” or “Transferee Company 2”) is directly, & indirectly through subsidiaries, engaged in the International Supply Chain Business as well as Expres ..read more

Recently, Shankara Building Products Limited announced the demerger of its trading/building material marketplace business from its manufacturing business. Shankara Building Products Limited (“Demerged Company” or “SBPL”) is one of the leading organized retailer of home improvement & building products. The equity shares of the company are listed on nationwide bourses. The demerged entity is currently inter-alia and operates in two segments: Trading Business comprises retail, supply, distribution, and promotion of home improvement and building products. Manufacturing Business which compris ..read more