ABB has agreed to buy the wiring accessories business of German rival Siemens in China, the Swiss engineering group said on Friday. The acquisition will broaden ABB’s market reach and complement its regional...
WEC Energy to acquire majority stake in Dallas solar project
U.S. electric utility WEC Energy Group said on Monday it will acquire 90% ownership stake in a solar project located near Dallas, Texas for about $459 million. The 300-megawatt solar project Delilah I is developed by...
Crompton Greaves Consumer Electricals board okays fundraising of ₹925 cr via NCDs
Crompton Greaves Consumer Electricals on Monday received the board of directors’ approval for modifying its debt approval through buyback of commercial papers and long-term fundraising via non-convertible...
Crompton Greaves Consumer to acquire controlling stake in Butterfly Gandhimathi Appliances
Crompton Greaves Consumer Electricals has signed definitive agreements to acquire upto 55% stake of Butterfly Gandhimathi Appliances at ₹1,403 per equity share, aggregating upto ₹1,379.68 crore. It will also acquire...
Indonesia and LG Group sign $9.8 billion EV battery MOU
Indonesia and South Korean firm LG Group have signed a memorandum of understanding (MOU) on a $9.8 billion electric vehicle battery investment deal, the head of Indonesia’s Investment Coordinating Board said on...
Austria’s AMS to put Osram’s Digital Systems up for sale -sources
Austrian sensor maker AMS is putting German lighting group Osram’s Digital Systems unit up for sale as it takes full control of the company, people close to the matter said. AMS bought Osram for 4.6 billion euros last...
AMS falls below rights issue price in fresh challenge to Osram takeover
AMS shares fell below the price at which the Austrian sensor maker is raising new equity on Monday, in the latest hurdle to its planned purchase of German lighting group Osram. Austria’s AMS began offering new shares at...
AEML raises $1 billion via bond sale to global investors
Adani Mumbai Electricity Ltd (AEML), a unit of Adani Transmission that supplies power to Mumbai suburbs, has raised $1 billion through a dollar bond sale to investors abroad. The money raised will be used to refinance...
Apollo Micro Systems to acquire majority stake in ASIP RF
Through the proposed acquisition, the company aims to expand the business towards new technologies by establishing a radio frequency (RF) and microwave design-cum-production facility along with the integration facility...
Austrian sensor maker AMS secures 59.9% Osram stake
Austrian sensor maker AMS on Thursday said it had secured a 59.9% stake in German lighting group Osram, reaching a 55% minimum threshold but falling short of a 75% hurdle needed to tap Osram’s profits. Hedge funds...
Lucas TVS to sell stake in India Japan Lighting to partner Koito for Rs 148.5 crore
Automotive electricals manufacturer Lucas TVS is selling its entire 30% stake in India Japan Lighting to its joint venture partner Koito Manufacturing for Rs 148.5 crore, according to statements issued by the two...
Advent International, Temasek sell Crompton Greaves stake worth ₹1,275 crore
Private equity firm Advent International and Singapore’s state investment arm Temasek on Tuesday sold shares worth ₹1,275 crore in consumer durables maker Crompton Greaves Consumer Electrical. According to data from...
