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iTWire - Aussie Broadband proposes to acquire Over the Wire in a recommended transaction

Aussie Broadband Limited (ABB) announced that it has entered into a Scheme Implementation Deed with Over the Wire Limited (OTW) under which ABB has ag. ....

Phillip Britt , Michael Omeros , Stephe Wilks , Aussie Broadband , Over The Wire , Scheme Of Arrangement ,

Reliance Industries Ltd To Restructure, Repurpose Gasification Assets

Reliance Industries Ltd To Restructure, Repurpose Gasification Assets
outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.

Reliance Industries Ltd Board , Reliance Industries Ltd , Gasification Undertaking , Appointed Date , Stock Exchanges , Refinery Off Gas Cracker , Scheme Of Arrangement , E Cyclable , Net Carbon Zero , High Growth Market , Hydrogen Economy , Carbon Footprint , 1 Chemicals ,

SC denies defaulting promoters back-door entry in insolvency process

SC denies defaulting promoters back-door entry in insolvency process
The apex court said that a promoter, who is barred from bidding for his company undergoing insolvency proceeding, cannot also take control of the company back by using the provision of scheme of arrangement under Section 230 of the Companies Act
Dipak Mondal | March 16, 2021 | Updated 13:59 IST
The Supreme Court has closed the back-door entry of defaulting promoters by using a special provision of compromise or arrangement during the liquidation phase of the insolvency proceeding. The apex court said that a promoter, who is barred from bidding for his company undergoing insolvency proceeding, cannot also take control of the company back by using the provision of scheme of arrangement . ....

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Infratil Pockets $1.4 Billion From Sale of Tilt Renewables Stake

(Bloomberg) New Zealand infrastructure investment company Infratil Ltd. expects gross proceeds of NZ$1.93 billion ($1.4 billion) from the sale of its 65% stake in windfarm owner Tilt Renewables.Tilt agreed to a scheme of arrangement that will return NZ$7.80 a share to holders, the company said Monday in Wellington. The stock closed Friday at NZ$6.46.Under the arrangement, Mercury NZ will buy Tilt’s New Zealand windfarms, after which Australia’s Powering Australian Renewable a partnership between AGL Energy and Queensland Investment Corp. will acquire the remainder of the business via a share offer. Mercury, which owns 19.9% of Tilt, said it will accept the offer.The value of Infratil’s stake has almost doubled since it said on Dec. 7 it was reviewing its Tilt holding after receiving approaches. Tilt was trading at NZ$3.92 ahead of that announcement. Two days later, AustralianSuper made an unsolicited NZ$5.4 billion takeover bid for Infratil, which its board r ....

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