CCI approves restructuring of existing business of Re Sustainability Limited, its subsidiaries, and joint ventures through demerger of municipal solid waste business and waste to energy business to Ramky Sustainability Solutions Private Limited https://www.taxtmi.com/news?id=27764 The CCI approved Re Sustainability Limited's demerger of its municipal solid waste and waste to energy businesses into newly incorporated Ramky Sustainability Solutions Private Limited, with RSSPL's post transaction shareholding to mirror ReSL's existing shareholding between Metropolis and the Founding Group; the Founding Group will cede certain rights in ReSL's retained businesses and Metropolis will cede certain rights in the Demerged Businesses. MWML will amalgamate into ReSL and cease to exist, and RSSPL will house the Demerged Businesses. en-us Thu, 08 Aug 2024 09:51:56 +0530 Thu, 08 Aug 2024 09:51:56 +0530 TaxTMI RSS Generator CCI approves restructuring of existing business of Re Sustainability Limited, its subsidiaries, and joint ventures through demerger of municipal solid waste business and waste to energy business to Ramky Sustainability Solutions Private Limited https://www.taxtmi.com/news?id=27764 The CCI approved Re Sustainability Limited's demerger of its municipal solid waste and waste to energy businesses into newly incorporated Ramky Sustainability Solutions Private Limited, with RSSPL's post transaction shareholding to mirror ReSL's existing shareholding between Metropolis and the Founding Group; the Founding Group will cede certain rights in ReSL's retained businesses and Metropolis will cede certain rights in the Demerged Businesses. MWML will amalgamate into ReSL and cease to exist, and RSSPL will house the Demerged Businesses. News - Thu, 08 Aug 2024 09:51:56 +0530 https://www.taxtmi.com/news?id=27764