Rules of Merger & Demerger _________________________________________ 1. These rules are called Rules of Merger & Demerger amongst the Firms registered with The Institute of Chartered Accountants of India. 2. Concept of Merger & Demerger: i) The Partnership Act has not prescribed merger & demerger of partnerships. In the corporate world‚ merger and demerger have become universal practices for securing survival‚ growth‚ expansion and globalization of enterprise and achieving multitude
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Focus on core competencies – Bajaj Auto Pre - Demerger structure Promoter Group 30% Public 68% Bajaj Auto 0.05% Public Allianz 49% Allianz Allianz 100% 24% 74% Maharashtra Scooters Bajaj Auto Holdings 50% 26% Allianz Bajaj Life Insurance Company 5% Page 7 50% Bajaj Auto Finance Bajaj Allianz General Insurance Co Bajaj Allianz Financial Distributors Public 38% 74% 50% Public 6% 95% PT Bajaj Auto Indonesia
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The corporate sector all over the world is restructuring its operations through different types of consolidation strategies like mergers and acquisitions in order to face challenges posed by the new pattern of globalisation. The intensity of such operations is increasing with the de-regulation of various government policies as a facilitator of the neo-liberal economic regime. The intensity of cross-border operations recorded an unprecedented surge since the mid-1990s and the same trend continues
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Table of Contents 1. ABSTRACT 3 2. INTRODUCTION 4 3. MATERIALS ANS METHODS 5 4. ANALYSIS 5 5. Conclusion 14 6. References 15 1. ABSTRACT THE JOINT VENTURE A joint venture between Hero Group and Honda Motor Company was established in 1984 as the Hero Honda Motors Limited at Dharuhera Haryana. Hero is the brand name used by the Munjal brothers for their flagship company Hero Cycles Ltd. Honda is world’s largest selling two wheeler company based in Japan. Munjal family and Honda group
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A 26-year-old partnership between Japan’s Honda Motor and India’s Hero Group ended on Thursday. Announcing the break-up of joint venture company Hero Honda Motors Ltd (HHML)‚ Pawan Munjal cited changing market dynamics coupled with ambitions of growing beyond India as the two compelling reasons for the split. Under the present agreement‚ HHML was not permitted to tap overseas markets‚ seek technology from any other company and even participate in large scale exports. Terming the deal as beneficial
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As a general rule‚ mergers and acquisitions (M&A) are value destructive for shareholders. Demergers or spin-offs are value accretive. In simple English‚ that means‚ avoid the shares of an acquiring company. But there may be money making opportunities in the companies being demerged or spun off. There is a difference between a merger and an acquisition. Mergers are rare‚ as they happen between two companies that are equal in size and reach. Both companies lose their individual identities‚ and a
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Moot Court Competn-2008-Case ICSI CORPORATE LAW MOOT COURT PROBLEM 2008 IN THE HIGH COURT OF DELHI C.P.No: 36 of 2007 Paolo Luscini & Co. (PL) …… Petitioners V RELIVE CO. LTD …… Respondent 1. RELIVE CO.LTD was incorporated in the year 1971 in the State of Maharashtra with the object of carrying on the business of media and telecommunications. The paid-up share capital of the company was 130 million comprising of 13 million shares of Rs. 10 each. The Company initially
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News Corporation (News Corp) was formerly local newspaper‚ The News‚ established in 1923 in Adelaide‚ Australia by Rupert Murdoch’s father. With the helm of Rupert Murdoch‚ the 1980s News Corp has accelerated its development‚ not only focusing on traditional product areas of newspapers and magazines but also transforming into a vertically integrated global media group‚ with a place in all parts of that industry from newspaper to television‚ from magazines to film. Firstly‚ News Corp entered to
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Student Name: ZUIJIA LIU Student Number: 42280099 MGTS3301 ASSIGNMENT A Strategic Analysis of OneSteel Limited Student Name: ZUIJIA LIU Student Number: 42280099 Tutor: Alexander Stathakis Lecturer: Martina Linnenluecke MGTS3301-Business Policy and Strategy (A Strategic Analysis) 1 Student Name: ZUIJIA LIU Student Number: 42280099 Contents 1. Introduction……………………………………………………………….…..…3 1.1 Report Overview………………………………………………………….…...…3 1.2 Organisation Overview………………………………………………
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2 Case - Studies Overview - Modes of M&A in India M&A Internal Restructuring Acquisitions Business Purchase Share Purchase Buyback Merger / Demerger Capital Reduction Amalgamation Financial restructuring/ Enhancing stake/repatriatio n Consolidation of businesses / entities Demerger Slump Sale / Itemised Sale Focus on core business /sell off non core business Page 3 Focus on inorganic growth /strategic or non strategic investments
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