India records 21% decline in TB incidence and treatment coverage rises to 92% (See 'Corp Brief') India has moved from following the World to moving alongside it in Science and Technology: MoS (See 'Corp Brief') Yadav underlines scaled-up Climate Finance, Technology Transfer and Capacity-building (See 'Corp Brief') IPR - If defendant adopts mark that is minor phonetic and visual manipulation of well-known registered trademark, coupled with identical colour scheme, get-up, and trade dress, strong prima facie case of trademark & copyright infringement is made out: HC (See 'Legal Desk') CCI approves acquisition of 100% shareholding of Vishavari Tollway by Concessoc 41 SAS (See 'Corp Brief') CCI okays acquisition of sole control over Omega-Meyer by BCPE Wellbeing Holdco Two Ltd (See 'Corp Brief') CCI approves acquisition of equity in Prestige Hospitality Ventures Limited by CPP Investment Board (See 'Corp Brief') Central Zoo Authority and IIFM inaugurate 3-Day Regional Training Programme for Zookeepers at IIFM, Bhopal (See 'Corp Brief') CCI approves proposed combination related to internal restructuring of JSW Group (See 'Corp Brief') RRM Inaugurates SAREX-2026 as 24th NMSAR Board Meeting reviews Maritime SAR Preparedness (See 'Corp Brief') NLMC organises mock E-Auction Training ahead of RINL Land E-Auction (See 'Corp Brief') India, Ghana sign historic MoU to advance Agricultural Research and Technology Transfer (See 'Corp Brief') COP31 should focus on closing Gaps and fulfilling Commitments: Yadav (See 'Corp Brief') CBN conducts Jan Samvad at Malana in Kullu District to create preventive drug awareness (See 'Corp Brief') IBC - Per Section 9 of IBC, where operational debt meets statutory threshold & no pre-existing dispute exists, then application for initiation of CIRP is maintainable: NCLT (See 'Legal Desk') Switzerland Sees India as Emerging Global R&D Power, Earmarks CHF 45 Million for Science and Technology Partnership (See 'Corp Brief') Textile Council To Form Working Groups To Address Sector Challenges (See 'Corp Brief') President Murmu urges AIIMS Bilaspur graduates to serve in Himachal's remote, rural areas (See 'Corp Brief') Banks told to expand digital lending, financial inclusion outreach: DFS secretary (See 'Corp Brief') SEBI - Allegation of violations of SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations is serious & cannot be sustained on mere general allegations, individual perceptions, or violations of investment advisory regulations alone: SAT (See 'Legal Desk') Union renewable energy minister will inaugurate Windergy India 2026 in Chennai on Oct 8 (See 'Corp Brief') Kasturi Cotton gains traction as India puts traceability on the textile map (See 'Corp Brief') IPR - Visual deceptive similarity, phonetic identity, likelihood of public confusion, brand dilution, and misrepresentation of association are sufficient to justify interim injunctive relief: HC (See 'Legal Desk') Dr. Jitendra Singh Pushes Digital Pension Services for Ease of Life (See 'Corp Brief') CIL steps up coal supplies to power plants amid availability concerns (See 'Corp Brief') SARFAESI Act, 2002 - Writ remedy under Article 226 cannot be used to bypass or circumvent this designated statutory remedy & specialized forum, which is uniquely equipped to assess the intricacies of such proceedings: HC (See 'Legal Desk') G20 Trade Ministers reach Consensus against Weaponization of Food through Coercive Trade Actions (See 'Corp Brief') Robotics to become accelerating tool in Every Specialty of Medicine: MoS (See 'Corp Brief') NITI Aayog organises National Workshop on SDG Budgeting in Kolkata (See 'Corp Brief') IPR - Fraudulent mobile applications deceptively imitating Plaintiff's branding and falsely projecting themselves as official investment platforms, deserves to be taken down: HC (See 'Legal Desk') First Tigress in Buxa Tiger Reserve released under Tiger Reintroduction Programme (See 'Corp Brief') CBN destroys over 10.84 tonnes of seized narcotic drugs (See 'Corp Brief') CRIT and IIFT organise three-day Orientation Course on Trade Negotiations (See 'Corp Brief') APEDA Facilitates FPO-led Export of Frozen Food Products from Haryana to Canada (See 'Corp Brief') PMLA - Provisional attachment invalid where material at hand does not show how in absence of provisional attachment, the properties could be so disposed off so as to frustrate confiscation proceedings: SAFEMA Tribunal (See 'Legal Desk') An unsuccessful 'success fee' litigation (See CORP EINSICHT)

Print

CCI approves restructuring of existing business of Re Sustainability Limited

Published: Aug 08, 2024

By TIOLCorplaws News Service

NEW DELHI, AUG 08, 2024: THE Competition Commission of India (CCI) has approved restructuring of the existing business of Re Sustainability Limited (ReSL), its subsidiaries, and joint ventures through demerger of the municipal solid waste (MSW) business and waste to energy (WTE) business (Demerged Businesses) to Ramky Sustainability Solutions Private Limited (RSSPL), a newly incorporated entity.

The Parties to the proposed combination are (a) ReSL; (b) Mumbai Waste Management Limited (MWML); (c) RSSPL; (d) Metropolis Investment Holdings Pte. Ltd. (Metropolis); (e) Mr. A. Ishaan (Ishaan), Mr. A. Ayodhya Rami Reddy, RK Ventures, Mrs. A. Veeraraghavamma and Mr. A. Sharan (collectively referred to as "Founding Group").

Post the proposed combination, the fully diluted shareholding of RSSPL will mirror ReSL's existing shareholding pattern in terms of the shareholding of Metropolis and the Founding Group, respectively. The Founding Group will cede certain rights in the retained businesses of ReSL (Retained Businesses) and Metropolis will cede certain rights in the Demerged Businesses housed under RSSPL.

ReSL : ReSL is in the business of industrial waste management, municipal solid waste management, bio-medical waste management, operation of waste to energy plants, recycling, and other related environmental services in India.

MWML : MWML is a wholly owned subsidiary of ReSL. It will amalgamate into ReSL and cease to exist as an independent entity. It is engaged in the industrial waste management and the biomedical waste management business in India.

RSSPL: RSSPL is a newly incorporated company and currently does not have any business activities in India. However, post the proposed combination, RSSPL will comprise the Demerged Businesses and its shareholding will mirror the shareholding of ReSL.

Metropolis: Metropolis is an investment company incorporated under the laws of Singapore and has been registered as a Foreign Venture Capital Investor under the SEBI (Foreign Venture Capital Investor) Regulations, 2000. Metropolis is indirectly wholly owned by investment funds, vehicles, and/or accounts advised and managed by various subsidiaries of KKR & Co. Inc. (KKR & Co . and together with its subsidiaries, "KKR"). KKR is a global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR sponsors investment funds that invest in private equity, credit, and real assets and has strategic partners that manage hedge funds.

Founding Group: The members of the Founding Group comprise individual family members and RK Ventures. The members hold shares in ReSL and are part of the Ramky group which is engaged in activities in India such as waste management (through ReSL), development of infrastructure and real estate, and pharmaceuticals.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.