The insolvency resolution process of Syska LED Lights has attracted interest from four parties-the company’s promoter, Germany-based turnaround investor Mutares Group, Aikyam Stressed Asset Fund and Cyfuture...
Bharti Enterprises-Warburg to plug into Haier’s India arm
Bharti Enterprises and Warburg Pincus will together buy 49% of Chinese consumer electronics maker Haier’s India arm, the culmination of more than a year of negotiations, as the company steps up to challenge the...
China clears Haier to dilute stake in India arm; Bharti–Warburg set to buy 49%: Sources
Chinese electronics major Haier has received the approval from the Chinese government to sell 49% stake in the wholly-owned Indian arm, Haier Appliances India, paving the way for the stake sell to Bharti Enterprises...
Samsung Electronics unit Harman to acquire ZF Group’s ADAS business for $1.8 billion
Samsung Electronics announced on Tuesday a $1.8 billion deal to acquire Germany’s ZF Friedrichshafen’s autonomous driving technology unit to combine it with its audio business and offer next-generation in...
Indian Link Chain Manufacturers to acquire majority stake in RRP Electronics
Indian Link Chain Manufacturers Ltd is acquiring a majority stake in RRP Electronics, which will help the company enter semiconductor, medical devices and other high-technology sectors, a statement said on Friday. The...
Whirlpool offloads 11.2% stake in Indian unit through bulk deals
American appliance manufacturer Whirlpool Corp on Thursday sold an 11.2% stake in its Indian listed unit, Whirlpool of India, through bulk deals as part of a plan to reduce its shareholding to around 20% from 51%...
IL JIN (an Amber subsidiary) acquires further stake in Unitronics
IL JIN Electronics (India) (IL JIN), a material subsidiary of Amber Enterprises India, has further acquired (Indirect) ordinary shares (0.96% stake) of Unitronics (1989) (R”G) (Unitronics) through ILJIN Holding...
Amber Enterprises to acquire majority stake in PCB maker Shogini Technoarts
Electronics manufacturer Amber Enterprises has entered into a definitive agreement with Pune-based Shogini Technoarts to purchase a majority stake in the company. The agreement is with Amber’s subsidiary IL JIN...
Switzerland’s Cicor buys sites from Valtronic, securing US foothold
Swiss electronics company Cicor said on Tuesday it has agreed to acquire two production sites from Swiss peer Valtronic in Cleveland, Ohio, and in Morocco, which gives the firm its first U.S. location and expands its...
Britain’s Smiths Group to sell interconnect unit to Koch’s Molex in $1.75 billion deal
Smiths Group said on Thursday it will sell its interconnect unit to U.S. electronic components maker Molex Electronic in a deal valued at 1.3 billion pounds ($1.75 billion), after facing investor pressure to break up...
Tata Electronics acquires India unit from Chinese iPhone supplier Justech: CNBC report
Tata Electronics has acquired the Indian unit of Chinese iPhone supplier Justech Precision for about $100 million, CNBC reported, citing people familiar with the development. The acquisition coincides with Tata...
LG Electronics to sell 15% stake in Indian unit under IPO process
LG Electronics, South Korea’s leading home appliance maker, said on Tuesday it expects to complete the initial public offering (IPO) of its Indian subsidiary as early as next month to secure funding for future...
