Volkswagen will make the sale of a majority stake in its Everllence subsidiary contingent on holding company Porsche SE becoming a co-investor of about 10% in the maker of large marine engines, two sources familiar...
Denso proposes to buy Rohm in deal that could reach $8.3 bln, Nikkei says
Japanese auto parts giant Denso has proposed to acquire all shares in chipmaker Rohm in a deal that could reach as much as around 1.3 trillion yen ($8.26 billion), the Nikkei business daily said on Friday. The deal...
Shriram Pistons raises Rs 1,000 crore for Antolin buy
Auto components maker Shriram Pistons and Rings (SPRL) has raised Rs 1,000 crore from a group of mutual fund investors to fund its Rs 1,670-crore acquisition of the local entities of Spanish company Groupo Antolin...
VW receives preliminary bids for diesel engine business Everllence at around $9.4 billion, sources say
Volkswagen has received bids valuing its diesel engine division Everllence at around 8 billion euros ($9.4 billion) including debt, according to three people familiar with the discussions. Such a price tag would be...
Premji Invest picks 23% in Bharat Forge unit for ₹300 crore
Premji Invest is set to pick up a 23% stake in JS Auto Cast Foundry India Pvt. Ltd, a unit of Bharat Forge, for ₹300 crore, as per stock exchange disclosures made by the Baba Kalyani-backed firm. The transaction is...
TVS Supply Chain arm acquires Swamy and Sons 3PL for Rs 88 crore
FIT 3PL Warehousing Pvt Ltd, a wholly owned subsidiary of TVS Supply Chain Solutions Ltd, has acquired Hyderabad-based Swamy and Sons 3PL for Rs 88 crore to strengthen its presence in the FMCG supply logistics segment...
SAMIL in talks to acquire Nexans Autoelectric wiring harness biz at 207 mn euros enterprise value
Auto components major Samvardhana Motherson International Ltd on Monday said it has entered into talks to acquire the global wiring harness business of Nexans autoelectric GmbH at an enterprise value of 207 million...
Activist investor Elliott takes 5% stake in Toyota Industries, filing shows
Activist investor Elliott Investment Management has taken a 5.01% stake for 268 billion yen ($1.71 billion) in Toyota Industries, a group firm that Toyota Motor is hoping to buy out, a regulatory filing showed on...
Tata AutoComp completes acquisition of IAC Sweden; entity rebranded as Artifex Systems AB
Tata AutoComp Systems on Tuesday said it has completed the acquisition of European automotive component manufacturer IAC Sweden and rebranded the entity as Artifex Systems AB. This will strengthen Tata AutoComp’s...
Bajaj Auto completes majority acquisition of KTM after regulatory nod
Bajaj Auto Ltd has completed its acquisition of a majority stake in Austrian motorcycle maker KTM AG, after receiving the final approval from European regulators for its €800-million deal. The company confirmed the...
NCLT approves merger scheme of Suzuki Motor Gujarat with Maruti Suzuki India
The National Company Law Tribunal (NCLT) has approved the scheme of amalgamation, in which Suzuki Motor Gujarat is being merged with its parent entity, Maruti Suzuki India, the country’s largest carmaker. A two...
TVS Motor to sell stake in Rapido for Rs 288 cr
TVS Motor Company on Thursday announced that it has entered into agreements to divest its stake in bike-taxi aggregator Rapido for Rs 287.93 crore. The two- and three-wheeler manufacturer has signed agreements with...
