SHAREHOLDING REALIGNMENT
Promoter selling can cross Rs 1 lakh crore mark as retail investors buy using MFs
With retail investors continuing to be on a buying spree using the mutual fund route, the trend of stake sale by promoters in NSE500 companies looks on track to cross the Rs 1 lakh crore mark.
Godrej & Boyce sells 58,500 sq ft office space in Mumbai’s Vikhroli to Godrej Industries
The office space on the 9th floor has already been leased to managed flexible workspace provider Simpliwork Offices for a period of 60 months until March 31, 2026. This lease will also be transferred to Godrej industries as the new landlord, showed the documents accessed through Propstack.
Tax free settlement of family assets: How Godrej like family arrangement can help in redistribution of wealth among members without capital gain tax
The Supreme Court of India permits re-distribution of wealth using family arrangement among the members of the family. Further using this method eliminates the possibility of the family memebers paying any capital gains tax. The Godrej family recenlty used this process. Read here to know how you too can use family arrangement process.
Godrej conglomerate split: How should investors play the listed entities?
Splitting into Godrej Enterprises and Godrej Industries brings clarity, with no major immediate stock impact. Analysts await Vikhroli land development by Godrej and Boyce, potentially positive for stock.
What the split in Godrej conglomerate will mean for stakeholders & brand? Legal eagles explain
Supreme Court lawyaer HP Ranina says: The split is in the interest of the Godrej family as well as the stakeholders and if it is carried on in the right spirit, which I am sure it will be, then certainly everybody will stand to gain. Crawford Bayley's Sanjay Asher says he is sure that under the circumstances they have aligned it in a manner that no future disputes arise.
Godrej family seals terms of division; Nyrika Holkar, Pirojsha Godrej emerge key next generation leaders
As per the arrangement that was uploaded on stock exchanges, Jamshyd Godrej, along with his niece Nyrika Holkar and their families, will now oversee the Godrej Enterprises Group (GEG), encompassing Godrej & Boyce and its affiliates spanning various industries. This development marks a significant change in control within the organisation.
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Godrej family split: Adi, brother to keep listed firms; cousin Jamshyd to get unlisted cos, land bank
As per the arrangement that was uploaded on stock exchanges, Jamshyd Godrej, along with his niece Nyrika Holkar and their families, will now oversee the Godrej Enterprises Group (GEG), encompassing Godrej & Boyce and its affiliates spanning various industries. This development marks a significant change in control within the organisation.
Godrej & Boyce, Godrej Properties to continue alliance for land development in Vikhroli
Godrej Construction, a business of Godrej & Boyce, designed and built four phases of Godrej Platinum, residential development project with a total constructed area of 1 million sq ft, which has been marketed by Godrej Properties. In March, a new project Godrej Vistas was launched under this arrangement.
Aditya Birla Fashion shares zoom 10% on demerger news
ABFRL shares surged 10% on BSE as plans for Madura Fashion & Lifestyle's demerger into a separate entity were disclosed. The move aims to create two distinct companies for enhanced value creation opportunities in the fashion sector.
Aditya Birla Fashion to demerge lifestyle business, list it on exchanges
The proposed demerger and subsequent listing will enable the companies function as independent growth engines with distinct capital structures and parallel value creation opportunities, the Aditya Birla Group firm said in an exchange filing.
MEP Infra seeks shareholder nod to rope in new investor
Managing director Jayant Mhaiskar said the company will issue shares to Nagpur-based Ashmi Road Carriers (ARCPL) after approval from shareholders. "We have done our checks with regard to PPIRP and we qualify for the same. Separately, we are also talking to banks to restructure our loans in our operating company, MEP Infrastructure Private Limited (MIPL) by infusing ₹125 crore," he said.
Could money move out of HDFC Bank to Bajaj Finance or is it time for sector rotation? Hemang Jani asnwers
Hemang Jani says: “I doubt that the money would move from HDFC Bank to Bajaj Finance only. A part of the money could move into some of the insurance companies like ICICI Lombard or some of the other insurance companies where the trend is better. People may also have to rebalance and realign their allocation to the banking sector.”
Hindustan Zinc plans corporate rejig, to spin off businesses into separate companies
Hindustan Zinc's board has authorized a committee of directors to evaluate a corporate restructuring exercise in order to unlock shareholder value. The company aims to attract a wider investor base by assessing different investment profiles. Its parent company, Vedanta Ltd, is also planning to separate its commodities businesses into four companies to improve valuations.
Sebi sees no need to give more time to mutual funds for realigning portfolios in merger-bound HDFC twins
After a marathon board meeting, Sebi chairperson Madhabi Puri Buch told reporters late last night at her headquarters that "available data do not demand that mutual funds should be given more time to realign their portfolios after the merger of the HDFC twins.
Tata Motors shareholders approve hiving off passenger vehicle business into new entity
On March 5, the shareholders of the company voted to consider and approve the transfer of the passenger vehicles business unit to TML Business Analytics Services Ltd as a going concern on a slump sale basis for a lump sum consideration.
Lakshmi Vilas Bank: Has ease of credit availability in our system encouraged fraud?
Clean and sensible prudential banking norms are the only way to create good institutions. We have stellar examples that stand up to this basic truth. Until we can make that the norm we need rules, supervision, monitoring, disclosure, penalties, and a whole hoard of timely actions we don’t have a great history of taking. Which is why the quiet merger of LVB feels right.
MFs used March rally to realign holdings; so what’s the ‘in’ thing this poll season
The quarter witnessed a deterioration in mutual fund flows into equities.
Shyam Sekhar of Ithought on 4 sectors you must not buy now
“I am very bullish on the agri input chain, in fact that is my most important focus area for the next year.”
Mu Sigma’s chairman Dhiraj Rajaram re-emerges as controlling shareholder
The share buyback was aided by a $400-million credit line from a consortium of four global banks led by Barclays against Rajaram’s shares and the company’s cash.
DLF, Blackstone restructure seven residential projects' JV shareholding
The country's largest realty firm had in July last year announced restructuring of its joint venture looking at the market scenario and to concentrate on select projects.
DLF, Blackstone restructure shareholding in five land parcels
DLF will now have 100% stake in two land parcels in Chennai while Ridgewood Holdings would have full ownership of two land parcels in Bengaluru and one in Chennai.
FCEL seeks shareholders nod to re-align FMCG business
Future Consumer Enterprise, led by Kishore Biyani, has sought shareholders approval to re-align its business dealing in distribution of food and FMCG products.
FM Arun Jaitley seeks World Bank reforms to raise shareholding
FM Jaitley speaking in the Plenary Meeting of the Development Committee here emphasised the need for bigger financing and implementation plans by the WB Group to achieve the SDGs.
Anil Group undertakes restructuring to create greater value creation for shareholders
Ahmedabad-headquartered food and agri company Anil Group on Monday announced that it has undertaken a major restructuring initiative.
I see an IPO more value creating option for shareholders: Viom CEO Syed Safawi
Viom Networks Chief Executive Syed Safawi talks to ET about the company’s turnaround, and future strategies, including a possible IPO by this year end.
IDFC gets shareholders nod to launch bank
Infrastructure financing firm IDFC Ltd today said it has received shareholders approval to its demerger scheme to set up a wholly-owned subsidiary IDFC Bank.
Shareholders nod sought for demerging IDFC's finance business into bank
IDFC has sought shareholders' approval for demerging its financial undertaking into a new entity to be named 'IDFC Bank'.
Increase allocation to equities: Pankaj Murarka,Head, Axis Mutual Fund
With economic slowdown bottoming out and, a new, stable govt at the Centre, the country could actually see a multi-year bull run, says Pankaj Murarka.
Hero Honda announces realignment of Munjal family stake in the company
Hero Honda -- a joint venture between the Munjals and Japan's Honda Motor Co -- on Monday announced a realignment in the ownership of stake of its Indian promoters' holding in the country's largest two-wheeler maker.
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