Jaypee Infratech Delisting: Suraksha Realty to pay exit price to retail shareholders, sets June 21 as record date

Jaypee Infratech Delisting: Suraksha Realty to pay exit price to retail shareholders, sets June 21 as record date

Mumbai: Suraksha Realty, the successful bidder of Jaypee Infratech, will pay an exit price to the retail shareholders while taking the company private, setting a precedent in cases where distressed listed companies are being acquired through the Corporate Insolvency Resolution Process (CIRP). The successful resolution applicant of Jaypee Infratech will pay on a par with … Read more

Deal activity declines 35 per cent to USD 9.7 billion in March 2023 quarter: Report

Deal activity declines 35 per cent to USD 9.7 billion in March 2023 quarter: Report

Deal activities declined 35 per cent to USD 9.7 billion across 332 transactions in the first quarter of 2023 due to an overall decline in deal activities as the fear of a global recession has gained more traction amid the continuing war on Ukraine, according to an industry report. Of the total deals, M&As constituted … Read more