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 …
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 …
The demerger of Jio Financial Services from diversified conglomerate Reliance Industries will create a non-banking financial behemoth with a size of approximately ₹1.5 lakh crore which could pose a tough challenge to existing non-banking financial companies, according to experts. "Keeping in mind the track record of Reliance Industries of disrupting the businesses it has entered in the past, we believe …
Shares of ITC Ltd rallied over three per cent to hit a 52-week high of ₹480.60 after media reports stated that the company's demerger process for its hotel business is now underway. ITC's hotel business demerger has been cited as one of the key triggers for further potential upside on the stock by analysts. Last year, Chairman and Managing Director …
The government has budgeted to garner Rs 65,000 crore from Central Public Sector Enterprise disinvestment in the ongoing 2022-23 fiscal New Delhi: The government is likely to invite financial bids for privatisation of state-owned Shipping Corporation of India in the March quarter, an official said. In May, the board of Shipping Corp had approved an updated demerger scheme for hiving …