Home appliances maker Whirlpool of India said on Thursday its parent Whirlpool Corp intends to reduce its stake in the company to about 20% this year via market sale. Whirlpool Corp in its fourth-quarter earnings...
Russian state ‘military’ bank in talks to buy electronics giant, newspapers say
A state-owned Russian bank linked to the defence sector is in talks to buy Russian consumer electronics retailer M.Video-Eldorado, the Kommersant and Vedomosti newspapers reported late on Monday, citing sources familiar...
Tata Electronics acquires 60 pc stake in Pegatron Technology India
Tata Electronics Pvt Ltd (TEPL) on Friday announced the acquisition of a controlling 60 per cent stake in Pegatron Technology India. The company, in a release, said that the acquisition cements TEPL’s position as...
Tata Electronics gets CCI’s clearance to acquire majority stake in Pegatron India
The Competition Commission of India (CCI) on Tuesday approved Tata Electronics’ proposal to acquire a majority stake in Apple’s contract manufacturer Pegatron Technology India. Tata Electronics Pvt Ltd...
China’s top TV company plans to buy 26% stake in Indian contract manufacturer Epack Durable’s subsidiary
Hisense Group, China’s largest television manufacturer and among its largest appliance makers, is planning to acquire a stake of up to 26% in Indian contract manufacturer Epack Durable’s wholly owned...
Tata Electronics to buy 60% stake in Apple supplier Pegatron’s iPhone plant in Tamil Nadu, says report
Tata Electronics is set to acquire a 60 per cent majority stake in Taiwanese contract manufacturer Pegatron’s iPhone plant in Tamil Nadu, forming a new joint venture (JV), Reuters reported citing two sources. The...
Hero Electronix, backed by Suman Kant Munjal, plans to sell 30% stake in chip design firm Tessolve
Hero Electronix, backed by Suman Kant Munjal, is planning to sell a 25-30% stake in Bengaluru-based semiconductor design and engineering company Tessolve, cashing in on the growing investor appetite in the space, said...
NCLT directs to initiate insolvency proceedings against Syska LED Lights
The National Company Law Tribunal (NCLT) has directed to initiate insolvency proceedings against Syska LED Lights, admitting the plea filed by its operational creditor — Sunstar Industries. Syska LED Lights, part...
LG Display agrees sale of Chinese LCD plant for $1.5 bln
South Korea’s LG Display said on Thursday it had agreed to sell its stake in its large liquid crystal display (LCD) plant in Guangzhou, China, to TCL’s LCD unit CSOT for 10.8 billion yuan ($1.54 billion)...
Nippo-maker Indo National sells entire 51% stake in Kineco for Rs 220 cr
Chennai-based Indo National Ltd, the manufacturer of consumer electrical brand Nippo, Tuesday said it has divested its entire 51% stake in composites maker Kineco Ltd for Rs 220 crore. Indo National said in a statement...
SoftBank in talks to invest in Sharp but feasibility unclear, Kyodo reports
Japanese telecom company SoftBank Corp is in talks to invest about 100 billion yen ($684 million) in electronics maker Sharp Corp, but the feasibility of the deal remains unclear, Kyodo news agency reported on Thursday...
LIC decreases stake by 2 percent in air conditioners giant Voltas
Life Insurance Corporation of India (LIC) decreased its equity stake shareholding in Voltas from 22,685,279 shares to 15,731,283 shares or from 6.856 per cent paid up capital of the company to 4.754 per cent — a drop of...
