M&A through Schemes of Arrangement - Course

Episode Duration:
75 minutes

Episode Background:
Schemes of Arrangement (“Schemes”) have an extensively wide import and can be explored to achieve various commercial objectives which could principally be in the form of an external arrangement (which could, inter-alia, include acquisition or divestment of business through merger, demerger, slump sale or a combination thereof along with acquisition of shares) or an internal arrangement (those arrangements mainly dealing with the intra-group structures and could include plethora of possibilities such as realignment of shareholding of promoters to achieve rationalization and simplification of group structure, pre-IPO/ private equity preparedness such as hiving-off of non-core assets or businesses in order to optimize valuation, balance-sheet right-sizing by way of capital reduction etc.) Any Scheme seeking to achieve such commercial objectives would have also wider ramifications from a tax and regulatory perspective in the backdrop of evolving tax and regulatory landscape.

What shall the episode cover?
Against this backdrop, Taxsutra in association with Katalyst Advisors is delighted to present to you a special episode on the theme of “Mergers & Acquisitions through Schemes of Arrangement – Practical Case Studies”. The episode has been led by Tax & Regulatory Affairs Expert Mr. Ketan Dalal [Managing Director] & Mr. Binoy Parikh from Katalyst Advisors.
 

For whom would this episode is useful?
 

a. Promoter-Groups/Companies and their advisors who are seeking guidance vis-a-vis external structuring so as to be M&A Ready, facilitating acquisition or divestments, value unlocking, etc.

b. Promoter-Groups/Companies and their advisors who are seeking guidance vis-a-vis internal group restructuring such as revisiting holding structures, carving out non-core assets or segregating unrelated businesses, streamlining corporate structures, balance sheet right-sizing, family arrangements, etc.
 

Key Highlights of the Episode:
 

In this episode, Mr. Dalal has:

• Thrown light on the interconnect between tax and regulatory laws – Companies Act, SEBI, FEMA, Ind-AS, stamp duty etc.
• Highlighted the practical case studies and analyzed how the aforementioned objectives are undertaken through schemes of arrangement and key considerations in relation to such schemes from a commercial, regulatory and tax perspective.