NEW DELHI: Troubled auto component maker Amtek AutoBSE 1.09 % today said it is considering selling a non-core business and minority stake in its overseas companies in order to deleverage its balance sheet. “The...
Tesla, SolarCity close to merger agreement
SAN FRANCISCO: Tesla Motors and SolarCity Corp have made progress in putting together a deal that will merge the electric car maker and the solar panel installer, people familiar with the matter said. The two companies...
Tyco International expects to close merger with Johnson Controls on September 2
Tyco International Plc: * Tyco expects to close merger with Johnson Controls on September 2, 2016 * Tyco International Plc says board of directors has declared an accelerated dividend of $0.23 per ordinary share * Tyco...
Tesla Makes an Offer to Acquire SolarCity
Tesla announced that it plans to acquire its sister company, SolarCity. Tesla CEO Elon Musk will hold a press call shortly. We will update with more information soon. Below you will find the announcement released by...
Crompton to sell automation arm for Rs 754 cr
Avantha group firm Crompton Greaves is selling its global automation business, ZIV, at a valuation of $112 million (Rs 754 crore) by September, to focus on its India businesses. The company has appointed bankers to sell...
NXP to divest its standard products business for $2.75 billion
NXP Semiconductors NV said it would sell its standard products business to a consortium of financial investors consisting of Jianaguang Asset Management Co Ltd and Wise Road Capital Management for about $2.75 billion...
Amtek Auto to sell stake, reorganize business
Amtek Auto Ltd, the auto parts maker that defaulted on bond payments last year, will sell a “significant” stake to financial investors to infuse capital into the business and pare debt, said a senior company official...
Motherson Sumi buys Visiocorps global mirror biz
Motherson Sumi buys Visiocorps global mirror biz Auto component major Motherson Sumi Systems (MSSL) on Friday announced its acquisition of the UK-based Visiocorp’s global rear viewmirror business. The...
Quippo picks up 49% in Tatas tower arm
Quippo picks up 49% in Tatas tower arm Quippo Telecom Infrastructure (QTIL), a SREI Group subsidiary and the hived off tower-arm of Tata Teleservices will announce a partnership on Monday. The deal is as...
Satyam investors urge merger
Satyam investors urge merger HCL, MindTree in the fray. Facing the threat of a hostile takeover by a domestic or overseas company, including private equity firms, Satyam Computer Services’...
British Air wants to buy 25% in GoAir
British Air wants to buy 25% in GoAir UK’S flagship airline British Airways (BA) is looking to pick up a 25% stake in Wadia group-promoted no-frills airline GoAir. Officials from BA and GoAir...
Magna Seating & Krishna Group enter into 50:50 joint venture
Magna Seating, a constituent of the global auto parts supplier Magna International, and Krishna Group have entered into a 50:50 joint venture agreement to manufacture seating systems for automobile manufacturers based...
