News Muncher - category demerger

ITC shares rise as ITC Hotels demerger set for January 1, 2025: Key details

Shares of ITC inched higher on Tuesday after the company announced that the demerger of its hotels business, ITC Hotels Ltd, will take effect from January 1, 2025. DETAILS OF THE DEMERGER In its update to the exchanges, ITC stated that both ITC Limited and ITC Hotels Limited have confirmed that all conditions required under Clause 28 of the scheme …

India Hotels Hotel Nclt Itc Jefferies Demerger

6 days, 11 hours ago

ITC sets January 1, 2025 as effective date for demerger of hotel business

Live Mint

ITC Ltd on Tuesday said that the company has fixed January 1, 2025, as the effective date for demerger of its hotel business after receiving an approval order from the National Company Law Tribunal. ITC share price gained over a percent to ₹475.00 apiece on the BSE after the announcement. “The Company has received a certified copy of the Order …

Itc Hotel Business

2 weeks ago

Rossell Techsys makes Indian stock market debut post demerger from Rossell India; check details

Live Mint

Rossell Techsys, following its demerger from parent company Rossell India Limited in August 2024, made its stock market debut on Indian bourses on Monday, December 9. Rossell Techsys-Rossell India demerger The Bengaluru-based aerospace and defence solutions provider firm was demerged from its parent Rossell India Limited, after the National Company Law Tribunal, Kolkata Bench, approved the scheme of arrangement in …

India Company 2024 Share Techsys Rossell Techsys Rossell India Limited

2 weeks, 3 days ago

Multibagger Vedanta share price rises 7%: Should you buy, sell or Hold the stock?

Live Mint

Stock Market Today: Vedanta share price gained up to 7% during intraday trades on Fiday. While the share price gains are being led rising base metal prices, the company is also progressing towards demerger that can unlock value for shareholders. Should you Buy, Sell or Hold the stock Multibagger returns Vedanta share price opened at ₹474.85 on the BSE on …

Price Metal Share Vedanta Hold Demerger Vedanta Share Price

4 weeks ago

HUL Approves Demerger Of Ice Cream Business Into Independent Entity

ABP News

FMCG giant Hindustan Unilever Limited has announced the demerger of its ice cream business, which includes popular brands such as Kwality Wall's, Cornetto, and Magnum, into a separate listed entity. Rationale for Demerger HUL noted that its ice cream business, which contributes about 3 per cent to the company’s top line, operates under a distinct model that includes a specialised …

Business Ice Cream Hul Demerger Ice Cream Business

1 month ago

Vedanta’s tangled debt, dividends, demerger: Where do shareholders stand?

Live Mint

Vedanta is one lucky company. And yet, the one thorn in its side that’s keeping investors cautious – despite the company’s promises and management's multiple restructuring efforts – is Vedanta’s accumulating debt. The holding company, VRL, made several attempts to restructure its business to use VDL’s cash reserves to reduce its debt. View Full Image Source: TradingView Next challenge: debt …

India Shareholders Company Stock Share Billion This Article

1 month, 2 weeks ago

Leadership Shuffle at Tata Motors: P.B. Balaji's Potential Role as Unifying Executive Emerges

Live Mint

Tata Motors is considering a planned demerger into two separate listed companies, one for commercial vehicles (CVs) and passenger vehicles (PVs). The demerger is expected to be completed within 12-15 months subject to regulatory approvals. P.B. Balaji, currently the group CFO, is likely to serve as the unifying executive to ensure effective capital allocation for the two entities. The leadership …

Finance Leadership Automotive Management

5 months, 1 week ago

Raymond shares Trades Ex-Lifestyle Biz; What's Next For Investors?

News 18

Shares of Raymond showed a 40 per cent gap down opening on Thursday as the stock traded ex-demerger after the lifestyle business was spun-off from the company. Upon completion of Raymond’s demerger of its real estate business, shareholders will get one Raymond Realty share for each Raymond share. Domestic brokerage firm InCred Equities had estimated the fair value of lifestyle …

Business Lifestyle Stock Share Real Raymond Demerger

5 months, 2 weeks ago

Raymond Skyrockets To Record High As Board Approves Vertical Demerger Of Real Estate Biz

News 18

Shares of Raymond skyrocketed 18.5 percent to hit a record high on July 5 after the board approved demerger of its real estate business, Raymond Realty. In a regulatory filing, Raymond announced the vertical demerger of its Real Estate business into its wholly-owned subsidiary, Raymond Realty. Additionally, Raymond has signed three new JDAs in Mahim, Sion, and one more in …

Mumbai Record High Company Thane Real Raymond Jda

5 months, 2 weeks ago

Raymond shares hits record high over demerger of real estate arm

Hindustan Times

Shares of Raymond hit a life high on Friday, a day after the Group announced the vertical demerger of its real estate business into its wholly owned subsidiary, Raymond Realty Ltd. Raymond share price: The Board of Raymond Limited announced on Thursday that Raymond Limited and Raymond Realty Limited will operate as separate listed entities, a company statement said. According …

Real Estate Company Share Crore Thane Estate Real

5 months, 4 weeks ago

Raymond Shares Gain 6% After NCLT Approves Group Entities’ Demerger, Amalgamation

News 18

Shares of Raymond surged 6 per cent on Monday to its day’s high of Rs 2,675 on BSE as the National Company Law Tribunal approved the demerger of the company’s lifestyle business and the amalgamation of its consumer trading arm. The NCLT approval facilitates the separation of demerging entity Raymond Ltd and Raymond Lifestyle, which will be the transferee company, …

Business Lifestyle Nclt Shares Ray Raymond Raymond Lifestyle

6 months, 2 weeks ago

Over 99% of ITC's minority shareholders approve hotel business demerger

Hindustan Times

ITC’s shareholders approved the plan to separate or demerge the hotel business, Reuters reported. As per media reports, proxy advisory firms Stakeholders Empowerment Services and InGovern Research Services last month asked shareholders to support the demerger proposal, while Institutional Investor Advisory Services opposed the move, the article read. "ITC must provide greater clarity with respect to the size of the …

Hotel Itc

7 months ago

Sterlite Power gets shareholders, creditors’ nod for demerger of transmission business

Live Mint

New Delhi: Sterlite Power Transmission Ltd, has received the approval of its shareholders and creditors for the demerger of its transmission business from the company. “The vote on the demerger proposal received 100% approval from secured creditors, 99.26% approval from unsecured creditors, 99.99% from equity shareholders present and voting, and 100% by the non-fund-based lenders,” said a company statement. Empowering …

Business Power Company Transmission Sterlite Demerger Sterlite Power

8 months, 3 weeks ago

Aditya Birla Fashion share price today jumps 15%. Here's why

Hindustan Times

Aditya Birla Fashion share price: Aditya Birla Fashion and Retail share price rose 15 per cent today after the company's board authorised the management to evaluate demerger of Madura Fashion & Lifestyle business from ABFRL into a separate listed company. Aditya Birla Fashion & Retail traded at ₹237.70, up 12.28 percent on the BSE, today and touched an intraday high …

Fashion Retail Share Birla Aditya Demerger Abfrl

8 months, 4 weeks ago

Sterlite Power Transmission may consider listing post demerger: MD

Live Mint

New Delhi: Sterlite Power Transmission Ltd, which will retain only its manufacturing vertical following the proposed demerger of the transmission business, may explore a public listing as part of its fundraising plans, said managing director Pratik Agarwal. The Vedanta group company's manufacturing arm, Global Products and Services, produces power transmission components, including conductors, power cables, and overhead wire cables. Agarwal, …

India Power Company Transmission Renewable Manufacturing Business

9 months, 2 weeks ago

Insider selling in Tata Technologies, Tata Motors demerger impact, and more...

Live Mint

“The combined market capitalization of all listed Tata stocks recently crossed the ₹30 lakh crore mark, making the group’s value bigger than the entire economy of Pakistan!" Among group companies, Tata Technologies share price gained over 5% on Thursday after touching a 52-week low not long ago. About Tata Technologies Tata Technologies' primary business line is services, which includes outsourced …

Price Company Share Recent Tata Insider Selling

9 months, 2 weeks ago

Tata Motors share price: Morgan Stanley's 'overweight' call on demerger decision

Hindustan Times

Tata Motors Share price today: Morgan Stanley assigned 'overweight' call on Tata Motors after the Indian automaker said that it will split into two listed companies- commercial vehicle and passenger vehicle businesses as separate entities. Tata Motors Share price today: A Tata Motors logo installed at one of its showroom is pictured in Mumbai. Stocks in focus today: Tata Motors …

Share Vehicle Tata Motors Motors Morgan Stanley Demerger Tata Motors Share

9 months, 2 weeks ago

Stocks in focus today: Tata Motors

Hindustan Times

Tata Motors: Tata Group's board of directors have given the approval for its demerger into two separate listed companies. Tata Motors Share Price today: Check latest share price for Tata Motors here. All shareholders of Tata Motors will continue to have identical shareholding in both the listed entities, the company said after its board of directors approved the proposal of …

Tata Tata Motors Motors Demerger

9 months, 2 weeks ago

Tata Motors demerger: How does it affect shareholders?

Hindustan Times

Tata Motors has decided to demerge its commercial vehicle business from the passenger vehicle arm. This de-merger will help them better capitalise on the opportunities provided by the market by enhancing their focus and agility,” Tata Motors Chairman N Chandrasekaran said. All shareholders of Tata Motors will “continue to have the identical shareholding in both the listed entities,” the company …

Business Company Vehicle Tata Tata Motors Motors

9 months, 2 weeks ago

Tata Motors demerger: Commercial, passenger vehicles businesses to be split into two separate listed companies

Hindustan Times

Mumbai: Tata Motors' board has approved the proposal to demerge the company into two separate listed entities. The company said in a statement that the demerger will birth two companies -- a commercial vehicles business and a passenger vehicles business. "The demerger will be implemented through an NCLT scheme of arrangement and all shareholders of TML shall continue to have …

Business Vehicles Tata Tata Motors Motors Passenger Vehicles Demerger

10 months, 1 week ago

After Amendment Mere Reason To Believe Can't Be Ground For Carrying Out Reassessment: Karnataka High Court

Live Law

The Karnataka High Court has held that the Assessing Officer has to be prima facie satisfied that there is “escapement of income”, unlike earlier law which permitted action based on mere reason to believe. Now mere reason to believe, cannot be a ground for carrying out assessment under section 147 of the Income Tax Act.The bench of Justice Krishna S …

Tax Assessment Income Officer Kar Shares Believe

1 year, 2 months ago

Vedanta Shares Rise Over 4% On Demerger Plan; Know What Analysts Say About The Stock

News 18

Vedanta Demerger: Vedanta shares gained on Tuesday after the company approved restructuring that includes demerger of its diversified business into six separate listed companies. As part of the arrangement, shareholders will get one share each in the five new listed entities for every share held in Vedanta Ltd. Here’s how the demerged businesses would look like: Vedanta Ltd: The currently …

Business Share Vedanta One Share

1 year, 4 months ago

LIC acquires 6.66% shareholding in Jio Financial Services through demerger

Live Mint

Life Insurance Corporation of India, the state-run insurance behemoth, on Tuesday announced that it has acquired 6.66% shareholding in Jio Financial Services Ltd.. In an exchange filing, LIC said that the cost of acquisition of JFSL shares, which was done through the demerger of the non-banking financial entity, is 4.68% of the pre-demerged cost of Reliance Industries as per the …

Financial Reliance Industries Share Lic Jio Financial Services Jfsl Jfsl Shares

1 year, 4 months ago

ITC AGM Live: Hotel business demerger to sharpen capital allocation for ITC, says MD Sanjiv Puri at 112th Annual General

Live Mint

ITC Ltd, the cigarette manufacturer and the FMCG major, is holding its 112th Annual General Meeting on August 11. ITC AGM Live Updates: ITC shares trade lower ITC AGM: ITC share price was trading lower even after ITC CMD Sanjiv Puri addressed shareholders at 112th annual general meeting. ITC AGM Live Updates: ITC shares fall as CMD Sanjiv Puri addresses …

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Articles for Demerger

ITC shares rise as ITC Hotels demerger set for January 1, 2025: Key details

ITC sets January 1, 2025 as effective date for demerger of hotel business

Rossell Techsys makes Indian stock market debut post demerger from Rossell India; check details

Multibagger Vedanta share price rises 7%: Should you buy, sell or Hold the stock?

HUL Approves Demerger Of Ice Cream Business Into Independent Entity

Vedanta’s tangled debt, dividends, demerger: Where do shareholders stand?

Leadership Shuffle at Tata Motors: P.B. Balaji's Potential Role as Unifying Executive Emerges

Raymond shares Trades Ex-Lifestyle Biz; What's Next For Investors?

Raymond Skyrockets To Record High As Board Approves Vertical Demerger Of Real Estate Biz

Raymond shares hits record high over demerger of real estate arm

Raymond Shares Gain 6% After NCLT Approves Group Entities’ Demerger, Amalgamation

Over 99% of ITC's minority shareholders approve hotel business demerger

Sterlite Power gets shareholders, creditors’ nod for demerger of transmission business

Aditya Birla Fashion share price today jumps 15%. Here's why

Sterlite Power Transmission may consider listing post demerger: MD

Insider selling in Tata Technologies, Tata Motors demerger impact, and more...

Tata Motors share price: Morgan Stanley's 'overweight' call on demerger decision

Stocks in focus today: Tata Motors

Tata Motors demerger: How does it affect shareholders?

Tata Motors demerger: Commercial, passenger vehicles businesses to be split into two separate listed companies

After Amendment Mere Reason To Believe Can't Be Ground For Carrying Out Reassessment: Karnataka High Court

Vedanta Shares Rise Over 4% On Demerger Plan; Know What Analysts Say About The Stock

LIC acquires 6.66% shareholding in Jio Financial Services through demerger

ITC AGM Live: Hotel business demerger to sharpen capital allocation for ITC, says MD Sanjiv Puri at 112th Annual General