Berry Global Group, Inc. (BERY) announced the sale of its Specialty Tapes business for approximately $540 million, furthering its strategic shift towards higher-growth consumer markets and accelerating debt reduction. This move comes on the heels of a recent spin-off and strengthens the financial outlook of its impending merger with Amcor plc.
Indian companies, grappling with a weak economic environment, have restructured their operations but are hesitant to reward shareholders with dividends or buybacks due to high valuations. While reinvesting in this climate poses risks, the market shows signs of an oversold state, suggesting a potential short-term rebound.
India is on the verge of adopting a significant change in its insolvency framework with the introduction of ‘voluntary’ group insolvency. This new approach aims to streamline the resolution process for interconnected companies, maximizing asset value and minimizing costs. The article delves into the rationale behind this move, examining past group insolvency cases and exploring potential benefits and challenges.
