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Articles for Demerger, search results for read

Leadership Shuffle at Tata Motors: P.B. Balaji's Potential Role as Unifying Executive Emerges
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
Over 99% of ITC's minority shareholders approve hotel business demerger
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
Sterlite Power gets shareholders, creditors’ nod for demerger of transmission business
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
Tata Motors demerger: Commercial, passenger vehicles businesses to be split into two separate listed companies
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
ITC share price continues to fall for second day after hotel unit demerger
1 year, 4 months ago

ITC share price continues to fall for second day after hotel unit demerger

Live Mint  

ITC share price continued its downward movement for the second staright day on July 25, a day after the company officially announced the demerger of its hotel business. “After due consideration, the board accorded its in-principle approval to the demerger of the hotels business under a scheme of arrangement, with the company holding a stake of about 40 per cent …

Business Company Share Hotel Itc Itc Share Price Itc Shares
Why ITC shares fell 4% after hotel business demerger announcement? - Explained
1 year, 5 months ago

Why ITC shares fell 4% after hotel business demerger announcement? - Explained

Live Mint  

ITC officially announced the demerger of its hotel business on Monday, putting all the rumours to rest. “After due consideration, the board accorded its in-principle approval to the demerger of the hotels business under a scheme of arrangement, with the company holding a stake of about 40 per cent in the new entity and the balance shareholding of about 60 …

Business Company Stock Hotel Value Cent Jain