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
Corporate Insolvency Resolution Process. acquisition plan submitted for acquisition of Punj Lloyd Limited (“Corporate Debtor”) by Adani Infra. (India) Limited (“AIIL”/ “Successful Bidder”) and order of the National Company Law Tribunal.
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.
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Fact
Admission or rejection of the application by the tribunal
Scheme of Arrangement. Uniglobus Electricals and Electronics Private Limited (‘Wholly-owned Subsidiary’) {‘Transferor Company’}. with Polycab India Limited (‘Holding Company’) {‘Transferee Company’}, under the provisions of Sections.
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
Corporate Insolvency Resolution Process. acquisition plan submitted for acquisition of Punj Lloyd Limited (“Corporate Debtor”) by Adani Infra. (India) Limited (“AIIL”/ “Successful Bidder”) and order of the National Company Law Tribunal.
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. In FY2023, Tata Steel Limited (‘Company’) through its erstwhile listed subsidiary – Tata Steel. the period February 2022 and March 2025, calculated at 150% of royalty payable under Section.
Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals
Why it matters
CapitSignal interpretation
Shares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
What happened
Fact
Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals. of Rs. 10/ each at a price not less than Rs. 35/- to promoter on a preferential basis bearing.
Shares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
What happened
Fact
Allotment of Securities. the date of allotment of the Warrants against the receipt of initial subscription amount (25% of the issue price). Of the issue price and has opted to exercise and convert the warrants allotted into Equity Shares of the Company.
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.
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. Uniglobus Electricals and Electronics Private Limited (‘Wholly-owned Subsidiary’) {‘Transferor Company’}. with Polycab India Limited (‘Holding Company’) {‘Transferee Company’}, under the provisions of Sections.
