{"id":1212,"date":"2021-04-03T00:00:00","date_gmt":"2021-04-03T00:00:00","guid":{"rendered":"https:\/\/lakamsani.me\/blog\/?p=linkedin-89"},"modified":"2021-04-03T00:00:00","modified_gmt":"2021-04-03T00:00:00","slug":"reliance-did-not-acquire-future-group-companies","status":"publish","type":"post","link":"https:\/\/lakamsani.me\/blog\/2021\/04\/03\/reliance-did-not-acquire-future-group-companies\/","title":{"rendered":"Reliance did not acquire Future Group companies."},"content":{"rendered":"<p>Reliance did not acquire Future Group companies.<br \/>\nThen What really happened?<br \/>\n\ud83d\ude47\ud83d\ude47\ud83d\ude47\ud83d\ude47- \ud83d\udc47\ud83d\udc47\ud83d\udc47\ud83d\udc47<br \/>\nThere is one of two ways any acquisition happens.<br \/>\n1) Asset Purchase Through Asset Purchase Agreement<br \/>\nAcquirer acquires assets of a company. Leave the company shares with promoters and investors.<br \/>\nIn this case liabilities and any pending lawsuits of the existing company would not get transferred to acquirer.<br \/>\nSo, Acquirer Pays purchase proceedings to the Acquiring company. Not to shareholders.<br \/>\n2) Share Purchase Through Share Purchase Agreement<br \/>\nAcquirer acquires company shares and own the company including assets and liabilities. Which means all liabilities also transferred along with the company to acquirer.<br \/>\nThe purchase proceedings are transferred directly to share holders.<br \/>\nIn this case Reliance and future group executed Asset purchase agreement not share purchase agreement.<br \/>\nFun Fact: Can you believe,In 2005 I signed my first Asset Sale agreement with New York Based company to sell my First Business (Calling Cards E-commerce site) Without knowing the difference between Asset purchase agreement &#038; Share Purchase agreement at that time. Who cares I was just 26 yrs old then?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance did not acquire Future Group companies.<br \/>\nThen What really happened?<br \/>\n\ud83d\ude47\ud83d\ude47\ud83d\ude47\ud83d\ude47- \ud83d\udc47\ud83d\udc47\ud83d\udc47\ud83d\udc47<br \/>\nThere is one of two ways any acquisition happens.<br \/>\n1) Asset Purchase Through Asset Purchase Agreement<br \/>\nAcquirer acq<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-1212","post","type-post","status-publish","format-standard","hentry","category-linkedin-posts","wpcat-18-id"],"_links":{"self":[{"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/posts\/1212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/comments?post=1212"}],"version-history":[{"count":0,"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/posts\/1212\/revisions"}],"wp:attachment":[{"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/media?parent=1212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/categories?post=1212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/tags?post=1212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}