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...
Motherson to acquire Bengaluru-based Rollon Hydraulics
Auto component maker Samvardhana Motherson International on Friday said it has inked a pact to fully acquire Bengaluru-based Rollon Hydraulics for an undisclosed amount. Rollon is engaged in manufacturing, assembly and...
Samvardhana Motherson arm to buy Cirma SAS for Rs 7.2 million
Auto components maker Samvardhana Motherson International Ltd on Thursday said its arm Samvardhana Motherson Automotive Systems Group BV will fully acquire French entity Cirma Entreprise SAS at an enterprise value of 7...
Minda seeks CCI nod to buy 24.5% in Pricol
Auto parts maker Minda Corporation on Tuesday sought the Competition Commission of India’s (CCI) approval to buy 24.5% stake in rival Pricol Ltd, according to a regulatory filing. Minda had in February bought a 15.7%...
Uno Minda to acquire 81.69% stake in Kosei Minda Aluminium, 50% stake in Kosei Minda Mould
Auto components maker Uno Minda Ltd said its board has approved the acquisition of a 81.69 per cent stake in Kosei Minda Aluminium and a 49.90 per cent stake in Kosei Minda Mould from JV partner Kosei, Japan. The move...
Mahindra fully acquires MITRA Agro Equipments
Mahindra & Mahindra said it has fully acquired MITRA Agro Equipments Pvt Ltd for an undisclosed amount. The company’s Farm Equipment Sector (FES) has increased its stake in MITRA Agro Equipments Pvt Ltd (M.I.T...
Samvardhana Motherson to acquire Fritzmeier Motherson Cabin for ₹110.7 cr
Samvardhana Motherson International Ltd (SAMIL) announced that the board has approved the acquisition of remaining 50 per cent stake of Fritzmeier Motherson Cabin Engineering Private Limited from F Holdings GmbH...
Schaeffler plans to sell Russia business to Austrian businessman
German auto supplier Schaeffler plans to sell its Russia business to its supervisory board member, the Austrian businessman Siegfried Wolf, a company spokesperson said on Friday. Schaeffler signed a contract on Dec. 29...
Lumax Auto Technologies signs pact to acquire majority stake in IAC International Automotive India
Lumax Auto Technologies on Monday said it has signed an agreement to acquire a majority stake in IAC International Automotive India from the International Automotive Components Group at an equity valuation of Rs 587...
