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No independent valuation needed for SpiceJet's preferential share sale: Sebi

CFO News

The Securities and Exchange Board of India (Sebi) said SpiceJet's proposed preferential share issue to aircraft lessors as part of its plan to restructure its outstanding lease liabilities need not have independent valuation.

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Hindustan Zinc to submit demerger proposal to board in 4-6 weeks

CFO News

The company's board had previously directed it to explore a corporate restructuring to create three separate entities for its lead and zinc, silver, and recycling businesses. Hindustan Zinc hopes that the demerger will boost its valuations and unlock shareholder value.

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Tesla, Wynn, Traeger, Amazon and more

CFO News Room

The firm said the stock has an “interesting” risk/reward for investors looking for a “restructuring story.” Evercore downgraded the stock to in line from outperform due to valuation. Citigroup — The bank stock gained 1.4% after Bank of America reiterated it as a buy. CVS — Shares dipped 1%. Source link.

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Jump-Starting Value Creation: The Crucial Role of Pre-Acquisition Due Diligence and the First 100 Day Plan 

E78 Partners

Macro Investment Market Challenges a Headwind for Private Equity Valuations Private Equity Sponsors are facing their most challenging valuation market since the great recession of 2008-09. Heightened inflation and interest rates will continue to be valuation headwinds.

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Wynn Resorts, Microsoft, Honeywell, Salesforce and more

CFO News Room

Salesforce — Shares of the cloud-based software company jumped more than 3% after Salesforce announced that it is cutting 10% of its personnel and reducing some office space as part of a restructuring plan. Microsoft — The stock sank 4% following UBS’ downgrade to neutral from buy. General Electric — Shares gained 3.2%

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B2B Supply Chain Finance Co Greensill Aims To Raise Funds That Could Set Valuation At $7B

PYMNTS

based rent-to-own business Brighthouse, is in the midst of restructuring. Some of Greensill’s clients have hit financial setbacks, like Singapore commodities trader Agritrade International and U.K.-listed listed NMC Health. Another client, U.K.-based

B2B 56
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Citigroup Back To NY Federal Court Over $900M Error

PYMNTS

While many firms returned the money at Citi’s request, the bank said in court documents, a dozen have been sued after what the bank called an “operational error” caused it to transfer $900 million of its own funds to Revlon creditors one day after the troubled cosmetics company was sued over its restructuring tactics. On Tuesday (Aug.