Few companies are incorporated in the shape that public markets reward. Group simplification, the right holding structure, and clean inter-company arrangements often need to be put in place well before a DRHP can be credibly drafted.
Group simplification.
Founder-led groups frequently accumulate a web of related entities, cross-holdings and inter-company transactions over the years. Before listing, this complexity needs to be rationalised into a structure investors can understand and SEBI will accept. We design and execute the consolidation — mergers, demergers and slump sales — with an eye on both the regulatory and tax consequences.
Holding structures & tax efficiency.
The choice of listing entity, the treatment of subsidiaries and associates, and the structuring of promoter holdings all carry significant tax and governance implications. We work alongside tax counsel to design a structure that is efficient, defensible and aligned with the long-term interests of the promoter group and incoming public shareholders.
