Adani Wilmar shares jump over 6% as Adani Enterprises to demerge food FMCG biz

Adani Wilmar shares jump over 6% as Adani Enterprises to demerge food FMCG biz

Shares of FMCG firm Adani Wilmar jumped 6.4% to Rs 370.7 in Friday’s intraday trade on BSE after billionaire Gautam Adani’s flagship entity Adani Enterprises on Thursday approved the demerger of the company’s food FMCG business to Adani Wilmar. “It is believed that the proposed demerger will unlock the direct value of the demerged company’s … Read more

Demerger to secure synergies across biz verticals, says Tata Motors Chairman N Chandrasekaran

Demerger to secure synergies across biz verticals, says Tata Motors Chairman N Chandrasekaran

New Delhi: The proposed demerger of existing automotive businesses into two listed entities will help in securing synergies across its PV and JLR verticals in areas of EVs and autonomous vehicles, Tata Motors Chairman N Chandrasekaran said on Monday. Speaking at the auto major’s 79th AGM, he noted that the initiative will lead each company … Read more

NCLT approves Raymond group entities’ strategic demerger, amalgamation

NCLT approves Raymond group entities’ strategic demerger, amalgamation

The National Company Law Tribunal (NCLT) has approved Raymond’s composite scheme of arrangement and restructuring involving the demerger of its lifestyle business and the amalgamation of its consumer trading arm, paving way for a more focused and streamlined corporate structure. The NCLT approval facilitates the separation of demerging entity Raymond Ltd and Raymond Lifestyle, which … Read more

Tata Motors CV demerger: Demerger of biz to help commercial vehicle business capitalise on opportunities globally: Tata Motors

Tata Motors CV demerger: Demerger of biz to help commercial vehicle business capitalise on opportunities globally: Tata Motors

The proposed demerger of existing automotive business into two listed entities will help the commercial vehicle vertical become more agile and capitalise on the opportunities available globally, according to Tata Motors Executive Director Girish Wagh. In march this year, Tata Motors announced the demerger of its commercial and passenger vehicle segments into two separate listed … Read more

Tata Motors: Dalal Street cheers Tata Motors double role

Tata Motors: Dalal Street cheers Tata Motors double role

Mumbai: Shares of Tata Motors gained 3.5% to an all-time high of ₹1,022 on Tuesday following the announcement of the demerger of its commercial and passenger vehicle divisions. Various analysts said upsides in the stock could be limited from the current levels after the 132% surge in the price in the past one year. Motilal … Read more