A Case Study of Aditya Birla Group: (Major Corporate Restructuring of 2015-2020)​​

LL.M., National Law University, Delhi; Presently, Legal Research Associate at The Insolvency and Bankruptcy Board of India.
(The views expressed in the paper are solely of the author and not of Insolvency and Bankruptcy Board of India or the Government of India)

Volume IV, Issue I, 2021

With an ever-increasing Indian economy, the dynamics of the market is changing rapidly and continuously, especially in the last 5 years, with various reforms introduced by the Indian government like introducing IBC, 2016, easing of the FDI norms, etc. This leads to a number of big transactions involving the mergers and acquisitions across various sectors and industries, which can be witnessed on a regular basis. The aim of the present paper is to provide an overview of the major corporate restructuring of the Aditya Birla Group, one of the major Indian conglomerates worth US $48.3 billion. This paper focuses upon two major deals of the group, namely Vodafone-Idea and UltraTech-Jaiprakash Associates, while touching upon all the important deals entered into by the group in last 5 years. The researcher also gives a brief background of each companies involved in both of the mentioned deals. Further, the researcher provides with the description of the arrangements and the rationale behind them. At last, the researcher tried to conclude it by analysing the effects of such corporate restructuring that whether it is successful or a failure for the company.

Keywords: Aditya Birla Group, Corporate Restructuring, Vodafone-Idea, UltraTech-Jaiprakash, Mergers & Acquisitions.

DOI: http://doi.one/10.1732/IJLMH.25558