After the Approved Resolution Plan is implemented. and dealt with in accordance with the Approved Resolution Plan. on and from the Trigger Date (as defined in the Approved Resolution Plan).
Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
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Fact
Admission or rejection of the application by the tribunal
Scheme of Arrangement. approving the Scheme of Arrangement. No.38/BB/2024 with respect to the proposed Scheme of Arrangement amongst Shankara Building.
Why it matters
CapitSignal interpretation
A merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
Amalgamation/Merger. Transferor Company) and Happiest Minds Technologies Limited (Holding Company – Transferee. Shareholders, Preference Shareholders and Unsecured Trade Creditors of the Transferor Company.
Why it matters
CapitSignal interpretation
A merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
What happened
Fact
After the Approved Resolution Plan is implemented. and dealt with in accordance with the Approved Resolution Plan. on and from the Trigger Date (as defined in the Approved Resolution Plan).
Raising capital changes the share count or the debt load, and the stated use of proceeds is a commitment that can later be checked.
What happened
Fact
(OAVM), have approved the proposal for raising of funds by issue of Non-Convertible Debentures (NCD). and Commercial Paper (CP) aggregating to Rs. 1500 Crore and Rs. 1000 Crore respectively on private.
A merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
What happened
Fact
Scheme of Arrangement. approving the Scheme of Arrangement. No.38/BB/2024 with respect to the proposed Scheme of Arrangement amongst Shankara Building.
Shares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
What happened
Fact
Face value of Rs.5/- each on a preferential basis to Promoter of the Company. Warrant) for aggregate consideration upto Rs.14,99,99,760/- (Rupees Fourteen.
A merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
What happened
Fact
Amalgamation/Merger. Transferor Company) and Happiest Minds Technologies Limited (Holding Company – Transferee. Shareholders, Preference Shareholders and Unsecured Trade Creditors of the Transferor Company.
Update 4 of 10 in a matter ongoing since Procedural
Distressinsolvency
Why it matters
CapitSignal interpretation
Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
What happened
Fact
Corporate Insolvency Resolution Process. Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. Resolution Professional of 13 Videocon Group Companies under Consolidated Corporate Insolvency.
Litigation creates a contingent liability that is not in reported profit until it crystallises.
What happened
Fact
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company. Under the settlement agreement the company has received INR 18.50 crores. The name of the party with whom agreement is entered: Bengal Shriram Hitech (P) Ltd.
Update 3 of 10 in a matter ongoing since Procedural
Distressinsolvency
Why it matters
CapitSignal interpretation
Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
What happened
Fact
Corporate Insolvency Resolution Process. Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. Resolution Professional of 13 Videocon Group Companies under Consolidated Corporate Insolvency.
An order converts to revenue over its execution period, so its size relative to existing revenue decides whether it changes the trajectory or is routine flow.
