Latest news with #SchemeofArrangement
Business Standard
2 days ago
- Business
- Business Standard
Oriental Carbon & Chemicals changes Name
To AG Ventures Limited Oriental Carbon & Chemicals pursuant to the Scheme of Arrangement between Oriental Carbon and Chemicals Limited (Demerged Company or the Company) and OCCL Limited (Resulting Company) and approval from the Ministry of Corporate Affairs (MCA) vide its order dated June 20, 2025 has changed its name to AG Ventures Limited.
Business Upturn
4 days ago
- Business
- Business Upturn
Siemens Energy India gets NSE & BSE approval for listing & trading its equity shares effective June 19
By Aditya Bhagchandani Published on June 18, 2025, 20:54 IST Siemens Limited has officially announced that its subsidiary, Siemens Energy India Limited (SEIL), will be listed on the stock exchanges on Thursday, June 19, 2025. The equity shares will be admitted to trading on both BSE and NSE, following approvals from the exchanges. In a filing, Siemens stated: 'SEIL has informed Siemens Limited today that SEIL has received approval from BSE Limited and the National Stock Exchange of India Limited for listing and trading of its equity shares effective 19th June, 2025.' The listing follows the Scheme of Arrangement initiated last year to demerge the energy business from Siemens Limited, a move intended to unlock shareholder value and enhance business focus. Key listing details: Listing Date: Thursday, June 19, 2025 Special Pre-open Session: 9:15 AM – 9:45 AM Regular Trading Begins: 10:00 AM Segment: 'T' Group (Trade-for-Trade) for the first 10 sessions ISIN: INE1NPP01017 Number of Shares: 35.6 crore Price Discovery: While a dummy price of ₹2,478/share was discovered on April 7, 2025, this was for indicative purposes. Fresh price discovery will occur on listing day during the pre-open session, which will determine the actual opening price for SEIL shares. This marks a significant step for Siemens' energy business in India, offering shareholders a direct avenue to invest in one of the country's key energy solutions providers. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
The Star
10-06-2025
- Business
- The Star
KNM to convene creditors' meeting to finalise RM1.19bil debt settlement plan
KUALA LUMPUR: KNM Group Bhd is calling for a court-convened creditors' meeting to present its RM1.19bil proposed Scheme of Arrangement (SoA). In a statement, KNM said the SoA marks a key step in the group's financial recovery efforts, aiming to provide a fair and sustainable debt settlement solution for all stakeholders. 'The SoA, developed in close consultation with the company's major creditors, proposes full recovery of the compromised debt amounting to RM1.19bil for the combined group, with creditors agreeing to waive accumulated interest and penalties totaling RM182mil as of the cut-off date, June 30, 2023,' KNM said. Under the terms of the proposal, creditors will receive 100% recovery of principal, reflecting a strong and responsible financial restructuring effort, as well as settlement through the issuance of a five-year zero-coupon redeemable unsecured loan stock (RULS) totalling RM204mil. Additionally, KNM said repayment of the RULS will be made via a combination of proceeds from any funds released from the escrow account tied to the recent Borsig sale to NGK Insulators Ltd, as well as proceeds from the sale of three assets - Thailand, the United Kingdom, and the FBM Hudson facility. 'To strengthen KNM's ability to resume and grow its core operations, creditors have also agreed to allow the company to retain RM100mil in upfront cash proceeds from the Borsig sale. These funds will be utilised as working capital to revitalise and invest in KNM's fabrication operations in Malaysia,' it said. To accelerate the repayment, KNM will use any excess funds—beyond the RM100mil initial cash injection and six months' working capital—to redeem outstanding RULS on a rolling basis.
News18
02-06-2025
- Automotive
- News18
Tata Motors Final Dividend 2025 Record Date: Only 2 Days For Ex-Date, Check Payment Date
If approved at the AGM, the dividend will be paid to eligible shareholders on or before June 24, 2025. Tata Motors Dividend History Tata Motors Limited has previously declared several dividends. They announced a special dividend of Rs 3 per equity share with an ex-date of June 11,2024. Prior to that, they declared a final dividend of Rs 3 per equity share for FY24 and a dividend of Rs 2 for FY24. Tata Motors Demerger Shareholders of Tata Motors Limited approved the demerger plan, separating the company into two listed entities: commercial vehicles and passenger vehicles. The resolution for the Composite Scheme of Arrangement was passed with the required majority, with 2,730,875,858 votes cast. Of these, 2,730,862,142 votes (99.9995%) were in favor, and 13,716 votes (0.0005%) were against. The share entitlement ratio will be 1:1, meaning shareholders will receive one share of TMLCV worth Rs 2 per share for every share of TML they hold.
Edinburgh Reporter
23-05-2025
- Business
- Edinburgh Reporter
The Scotsman will have a new owner from next week
Regional publisher National World will be under new ownership from next week after the takeover by Media Concierge cleared its final legal hurdles. The takeover – which valued the group at £65million – will take effect on Tuesday 27 May after being given approval by the High Court in London yesterday. It will mean historic regional newsbrands such as The Yorkshire Post, The Scotsman and Portsmouth daily The News will have their fourth owner in the space of just over five years. In a message to staff at the publisher, Media Concierge boss Malcolm Denmark pledged that as a privately-owned business rather than a public company accountable to shareholders, it would not be focused on 'short-term results.' Malcolm Denmark Mr Denmark, pictured, said: 'As we begin this new chapter together, I want to start by saying thank you. Thank you for your hard work, your professionalism, and your continued commitment to delivering trusted local journalism. 'We know that the recent period, as the process of acquiring the business unfolded, brought a degree of uncertainty—but your focus and resilience have ensured that the work has gone on, and that does not go unnoticed. 'Our company, Media Concierge, has been a strong supporter of local and regional media for many years. In fact, we were the first and largest investor in National World. 'From the outset, we believed in the vision of building a sustainable and independent news business that serves communities across the UK. That belief has not changed. 'Now, as we move from investor to owner, our approach is straightforward. We want to support you in doing what you already do so well. You know your audiences, your titles, and your communities. The most important thing we can do right now is to give you the space and confidence to carry on—business as usual. 'This change of ownership also means National World will become a privately owned, independent business. We are a family-owned company, and that gives us a different perspective. We are not focused on short-term results. We take a longer-term view, built on relationships—whether with our teams, our readers, or our customers. 'In the weeks ahead, we will be reaching out to introduce ourselves and start the conversation. We're keen to listen, to understand what's working well, and to hear any thoughts you may have as we settle in. Our aim is to support you in the most practical and helpful way we can. 'We are excited about what lies ahead and confident that, together, we can build something of real and lasting value.' Earlier Mr Denmark had welcomed the decision of the High Court in London to approve the Scheme of Arrangement giving effect to its acquisition of National World. The takeover had already been approved by National World shareholders but had been awaiting final regulatory approval from the Irish government and the UK courts. Mr Denmark said: 'The formal approval of the transaction marks the final step in the process, and we are pleased to be moving forward. National World is home to some of the UK's most respected and long-established regional media, and we believe there is significant potential for growth and renewal with the right focus and investment. 'As a long-term investor in the business, and with extensive experience managing local and regional news brands in Ireland, we understand both the challenges and the value of high-quality, community-based journalism. 'We greatly appreciate the dedication and professionalism shown by National World's teams throughout this period. Their commitment has ensured the business remains on a strong operational footing. 'We now look forward to working together to support and strengthen the business in what we believe can be an exciting new chapter.' National World – headed by David Montgomery – was created after its purchase of the former Johnston Press/JPI Media titles for £10.2m in 2020. Mr Montgomery had hoped to remain in control of the company with the help of Chelsea owner Todd Boehly, but the latter pulled out of a potential rival bid for the company last week. This article was first published on Hold The Front Page here and is republished with the permission of Hold The Front Page a fellow member of the Independent Community News Network (ICNN). Paul Linford This author does not have any more posts. Like this: Like Related
