Auto parts maker Shriram Pistons & Rings Ltd (SPRL) on Tuesday announced plans to acquire a 100 per cent stake in TGPEL Precision Engineering at an enterprise value of Rs 220 crore on debt-free cash-free basis. The...
ZF Group sells 4.3 pc stake in Indian subsidiary for Rs 1,022 crore
German auto component supplier ZF Group on Wednesday divested a 4.32 per cent stake in its Indian subsidiary ZF Commercial Vehicles Control System (CVCS) India for Rs 1,022 crore, according to exchange data. According...
Samvardhana Motherson Intl to acquire 11% stake in Israel’s REE Automotive for $15 mn
Auto components major Samvardhana Motherson International Ltd on Monday said it will acquire 11 per cent stake in Israel’s REE Automotive Ltd for up to USD 15 million. Samvardhana Motherson International Ltd...
NCLT okays Metalysts Forgings’ acquisition by Deccan value-led group
After a delay of nearly seven years, lenders of Amtek Auto’s listed subsidiary Metalysts Forgings are likely to recover part of their dues, as the bankruptcy court has approved the company’s acquisition. The...
NCLAT dismisses Sundaram Brake’s plea against CCI cease and desist order on railways tendering
The National Company Law Appellate Tribunal on Tuesday dismissed a plea by Sundaram Brake Linings, challenging a cease and desist order passed against the company by the fair trade regulator CCI. NCLAT upheld orders...
CCI approves Minda Corporation’s proposed 8.79% stake purchase in Pricol
The Competition Commission of India (CCI) on Tuesday said it has approved Minda Corporation’s proposed 8.79 per cent stake purchase in Pricol. Minda Corporation is in the business of manufacturing auto components...
NCLT okays Steel Strips Wheels’ acquisition of AMW Autocomponent
The National Company Law Tribunal (NCLT) has approved the acquisition of AMW Autocomponent by listed automotive wheels manufacturer Steel Strips Wheels. The company had admitted liability of over ₹1,675 crore, whereas...
Uno Minda to enhance stake in JV firm to 76 per cent
Auto components maker Uno Minda said its board has approved enhancing stake in a joint venture firm to 76 per cent. The company’s board has approved increasing stake in Minda Westport Technologies Ltd (MWTL) from...
Schaeffler India to fully acquire auto spare parts platform Koovers for Rs 142.4 cr
Schaeffler India Ltd said it will fully acquire KRSV Innovative Auto Solutions Pvt Ltd, an automotive aftermarket spare parts platform, for Rs 142.4 crore. Bengaluru-based KRSV Innovative Auto Solutions, which operates...
NCLT okays Ramkrishna Forgings’ bid to acquire Amtek Group arm
The bankruptcy court has approved Kolkata-based Ramkrishna Forgings’ bid to acquire Amtek Group’s listed subsidiary JMT Auto through the corporate insolvency resolution process. Ramkrishna Forgings, also a...
Samvardhana Motherson International to acquire assets, shares of Dr Schneider Group entities
Auto components maker Samvardhana Motherson International Ltd said it will acquire assets and shares of Germany’s Dr Schneider Group entities at an overall enterprise value of about 118.3 million euros (over Rs...
Ramkrishna Forgings acquires Multitech Auto, Mal Metalliks for Rs 205 crore
Ramkrishna Forgings Ltd said it has acquired Multitech Auto Private Ltd and its wholly-owned subsidiary Mal Metalliks Private Limited for Rs 205 crore. Multitech Auto and Mal Metalliks manufacture various parts for...
