Business Wire IndiaCyril Amarchand Mangaldas (CAM) advised Tata Motors Limited (
Tata Motors) on a scheme of arrangement for reduction by way of cancellation of capital (‘A’ Ordinary Shares) and payment of non-cash consideration (Ordinary Shares) for such reduction of capital.
The
General Corporate &
Capital Markets Practice of Cyril Amarchand Mangaldas advised Tata Motors on the transaction. The transaction team was led by
Anand Jayachandran, Partner; with support from
Supriya Aakulu, Principal Associate; Ayushi Singh, Associate; Abhisht Patibanda, Associate; and
Ipkshita Singh, Associate. Yash Ashar,
Partner & Head Capital Markets; and
Nivedita Rao,
Partner & Deputy Head – Corporate; provided strategic inputs on the transaction.
Other team members included
Abhinav Kumar,
Partner & Regional Head Markets Practice (Western Region); and
Tapan Deshpande,
Director – Corporate Litigation. As part of the transaction, the Scheme provides
inter alia for reduction through cancellation of ‘A’ Ordinary Shares and the issuance and allotment of the Ordinary Shares as consideration other than cash for such reduction.
The Scheme was approved by the board of directors of Tata Motors on 25
th July, 2023, and is subject to regulatory and shareholder approval, including sanction by the National Law Company Tribunal, Mumbai Bench.
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Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero
in 45 BC
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do Kalkine que laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore
veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam
voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur
magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est,
qui do Kalkine Media quia dolor sit amet, consectetur, adipisci velit, sed quia non
numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat
voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis
suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum
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1914 translation by H. Rackham
"But I must explain to you how all this mistaken idea of denouncing pleasure and
praising pain was born and I will give you a complete account of the system, and
expound the actual teachings of the great explorer of the truth, the master-builder
of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it
is pleasure, but because those who do not know how to pursue pleasure rationally
encounter consequences that are extremely painful. Nor again is there anyone who
loves or pursues or desires to obtain pain of itself, because it is pain, but
because occasionally circumstances occur in which toil and pain can procure him some
great pleasure. To take a trivial example, which of us ever undertakes laborious
physical exercise, except to obtain some advantage from it? But who has any right to
find fault with a man who chooses to enjoy a pleasure that has no annoying
consequences, or one who avoids a pain that produces no resultant pleasure?"
1914 translation by H. Rackham
"But I must explain to you how all this mistaken idea of denouncing pleasure and
praising pain was born and I will give you a complete account of the system, and
expound the actual teachings of the great explorer of the truth, the master-builder
of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it
is pleasure, but because those who do not know how to pursue pleasure rationally
encounter consequences that are extremely painful. Nor again is there anyone who
loves or pursues or desires to obtain pain of itself, because it is pain, but
because occasionally circumstances occur in which toil and pain can procure him some
great pleasure. To take a trivial example, which of us ever undertakes laborious
physical exercise, except to obtain some advantage from it? But who has any right to
find fault with a man who chooses to enjoy a pleasure that has no annoying
consequences, or one who avoids a pain that produces no resultant pleasure?"