Use the pdf above to read the full Update.
The Update covers two authored articles elaborately discussing the following,
- Unravelling ‘Significant Influence’ in assessing related party relationships: Beyond the 20% threshold
- From NCLT to Competent Authority: Resolving the regulatory mismatch in India’s Cross-Border Merger Framework
This Update also covers important M&A featured deals happening in Hyderabad, and various important regulatory changes by RBI, SEBI, and Ministry of Corporate Affairs as highlighted below.
M&A featured deals:
- Temasek-backed Cloudnine to acquire Apollo Health’s maternity, childcare and fertility units
- Cyient Semiconductors raises $30 million from Edelweiss at $500 million valuation
- Skyroot Aerospace (India’s first space-tech unicorn) raises $60 million from Ram Shriram’s Sherpalo, GIC and BlackRock
- Apollyon Dynamics raises ₹4 crore in pre-seed funding
- Larsen & Toubro to divest entire stake in L&T Metro Rail (Hyderabad) for ₹1,461.47 crore
Regulatory changes:
- Status of SPVs under the InvIT Framework post conclusion of the Concession Agreement
- Permitted use of fresh borrowings for InvITs where Net Borrowings exceeds 49% of the value of InvIT assets
- SEBI modifies norms for nomination in demat accounts and mutual fund folios
- CSR activities expanded to include Zero Coupon Zero Principal Instruments issued by Not-for-Profit Organisations registered with the Social Stock Exchanges
- MCA advises the use of form SH-4 for transfer of interest of members in case of companies limited by guarantee