Fortis Inc * Fortis Inc. announces completion of CFIUS review of ITC acquisition * Transaction is expected to close by the end of this year. Source text for Eikon: Further company coverage: (Bengaluru Newsroom; +1 646...
Dynegy to buy out Energy Capital’s 35% stake in proposed acquisition of ENGIE’s power portfolio
Dive Brief: Dynegy has agreed to buy out Energy Capital Partners’ (ECP) 35% stake in a joint venture formed to purchase ENGIE’s 9,058-MW portfolio of fossil plants in the U.S. Dynegy plans to exercise the buyout option...
Cavium to buy network equipment maker QLogic for $1.36 billion
Chipmaker Cavium Inc said it would buy network equipment maker QLogic Corp for about $1.36 billion, as it looks to expand in the data center and storage market. The deal value includes about $355 million of...
Havells India to raise stake in Promptec Renewable Energy Solutions
NEW DELHI: Electrical equipment maker Havells IndiaBSE 0.46 % today said it will increase its stake in Bangalore-based Promptec Renewable Energy Solutions to up to 70 per cent for an undisclosed sum. “A tripartite...
Reliance Digital to sell Reva cars
Reliance Digital to sell Reva cars Reva Electric Car Company (RECC), manufacturer of India’s first electric car, and Reliance digital, the consumer durables and IT arm of Reliance Retail, will...
NTPC buys 44.6% in TELK
NTPC Ltd said on Monday it was buying a 44.6 per cent stake in Transformers and Electricals Kerala Ltd (TELK), from the Kerala Government. The power producer said the stake was valued at Rs 31.34 crore ($6.4 million)...
Anil Ambani’s power discoms to buy 700 MW of green power
NEW DELHI: Delhi electricity distribution companies BSES Yamuna Power Ltd and BSES Rajdhani Power Ltd will buy 700 MW of renewable power through an online reverse auction. The power distribution companies plan to...
GE to Sell Commercial Lending and Leasing Business in Japan
Sumitomo Mitsui Finance & Leasing Co. agreed to buy General Electric Co.’s Japanese leasing business for about $4.8 billion, rounding off the country’s biggest year for acquisitions since 2012. The unit of...
Havells divests majority stake in European arm
Havells India, a leading consumer electricals company, has announced divestment of a majority stake in its European lightings operation, Sylvania, to Shanghai Feilo Acoustics for Euro 148.8 million (Rs 1,100 crore). The...
Havells to dilute majority stake in Sylvania to focus on domestic market
NEW DELHI: HavellsBSE -0.34 % India, a maker of lighting and electrical products, may divest its majority stake in European lighting systems and fixtures company Sylvania, which it acquired in 2007 and became a global...
