Ceat Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 24, 2009, has decided, subject to the requisite approvals, to acquire entire 36.84% shareholding of Associated CEAT...
Sundaram Clayton – Updates on Scheme of Amalgamation
Sundaram Clayton Ltd has informed BSE that the Scheme of Amalgamation with regard to the amalgamation of M/s. Auto (India) Engineering Ltd (AIEL), a wholly owned subsidiary of the Company with the Company has been...
LG Balakrishan to acquire M M Gears
Coimbatore-based LG Balakrishnan & Bros (LGB) Ltd, a motorcycle chains manufacturer, today informed Bombay Stock Exchange (BSE) that the company has entered into an agreement with the promoters, directors of...
Motherson Sumi to buy out partners’ stake in JV
Auto component maker Motherson Sumi Systems said today it will acquire the stake of its partner Wilhelm Pudenz and Wickmann Werke in the joint venture firm Motherson Pudenz Wickmann. The...
TVS exits from joint ventures with Wabco
The TVS group has exited from the four decades old air brakes business in favour of its US partner, Wabco. This follows TVS and Wabco smoothly exiting from their two joint ventures, Sundaram Clayton ( SCL) and Wabco...
Amtek Auto inks Rs 100-cr crankshafts JV with Sumitomo
Amtek Auto , the Delhi-based auto component maker has entered into 50:50 joint venture with Sumitomo Metals, which is part of Sumitomo Corporation of Japan. The Rs 100-crore joint venture will produce and sell forged...
Menon Bearings Ltd – updates on amalgamation
Menon Bearings Ltd has informed BSE that the Hon’ble High Court of judicature at Bombay on May 02, 2009 has approved the Scheme of Amalgamation under Section 391 to 394 of the Companies Act, 1956 of Menon Alkop...
Apollo Tyres offers to buy Dutch tyre maker
Delhi-based Apollo Tyres, the country’s second-largest tyre producer, has offered to acquire 100 per cent stake in Vredestein Banden B.V, a Netherland-headquartered premium tyre making for an undisclosed sum...
Napino group arm ties up with Germany’s ZF for switches.
Auto components maker Napino Group firm Vishnu Vaibhav Industry has tied up with Germany’s ZF TRW Global Body Control Systems (BCS) to supply switches for four-wheelers to automobile manufacturers in India. As per...
Minda Industries acquires Spain based Rinder for Euro 20 million.
Auto component manufacturer Minda IndustriesBSE 16.45 % today said it has acquired the global lighting business of Spain-based Rinder Group for Euro 20 million. The acquisition includes 100 per cent equity holding in...
Motherson Sumi eyes Wilbur Ross company IAC for $800 million buyout
In what would arguably be among its boldest bet so far, Motherson SumiBSE 0.34 % Systems Limited (MSSL) the flagship listed company of the $6.9 billion Samvardhana Motherson Group, is in advance negotiations with...
Tata Motors & Bharat Forge tie up for $11-bn defence bid
Tata Motors, Bharat Forge and General Dynamics have forged an alliance to bid for the $11 billion (Rs 78,000 crore) project of making combat infantry vehicles for the Indian Army under the Future Infantry Combat Vehicle...
