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India: Sebi's new proposal may spark flurry of 'take private' M&As


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June 29, 2021
India may see a flurry of corporate acquisitions ending in delisting if a regulatory proposal to smoothen the process goes through, industry experts said.
A Securities and Exchange Board of India (Sebi) discussion paper released on Friday proposed a seamless process to attempt delisting when one acquires a significant stake under the takeover code. This is expected to usher in so-called ‘take private’ mergers and acquisitions (M&As) by private equity funds and foreign companies.
Currently, any acquirer wishing to delist a firm after takeover has to tackle a bewildering set of rules and procedures, many of which are contradictory. A sub-group of Sebi’s Primary Market Advisory Committee has now recommended sweeping changes, aligning these norms, the discussion paper said. ....

Sudip Mahapatra , Vikram Raghani , J Sagar Associates , Sebi Primary Market Advisory Committee , Exchange Board Of India Sebi , Exchange Board , Primary Market Advisory Committee , சூடிப் மகாபத்ரா , விக்ரம் ராகனி , ஜு சாகர் கூட்டாளிகள் , பரிமாற்றம் பலகை ஆஃப் இந்தியா செபி , பரிமாற்றம் பலகை ,

Ssangyong Motor: Mahindra subsidiary SsangYong Motor defaults, in talks with financers to rejig loans


Synopsis
SsangYong failed to repay the amount to bankers including JPMorgan Chase, BNP Paribas and Bank of America. Mahindra has put SsangYong on the block but has been unable to close a deal with any potential investor.
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SSangyong Korando at the Seoul Motor Show 201
MUMBAI: SsangYong Motor Company (SYMC), the South Korean subsidiary of Mahindra & Mahindra (M&M), is in talks with banks to restructure and extend moratorium of its outstanding loans after the Korean major defaulted on the repayment of loans amounting to Rs 408 crore (Korean won 60 billion).
SsangYong failed to repay the amount to bankers including JPMorgan Chase, BNP Paribas and Bank of America. Mahindra has put SsangYong on the block but has been unable to close a deal with any potential investor. Sources in the know told ET that the defaulted loan could have a negative impact on any new investor walking in at this moment. ....

United States , Cholla Namdo , South Korea , South Korean , Sudip Mahapatra , Bsr Associates , Ssangyong Motor Company , Haah Automotive , ஒன்றுபட்டது மாநிலங்களில் , தெற்கு கொரியா , தெற்கு கொரியன் , சூடிப் மகாபத்ரா , ர்ரைவ் கூட்டாளிகள் , ஸ்சங்கியோங் மோட்டார் நிறுவனம் ,