Whirlpool of India Ltd’s promoter, Whirlpool Mauritius Ltd, will sell 24% stake worth $451 million ( ₹3,745 crore) in the Indian appliance maker through a block deal on Tuesday, as per a term sheet reviewed by Mint. The...
Bankruptcy court admits insolvency resolution plea against Helios Photo Voltaic
The principal bench of the National Company Law Tribunal (NCLT) has admitted an application filed by the National Asset Reconstruction Company (NARCL) against Helios Photo Voltaic Ltd, earlier known as Moser Baer Photo...
CCI greenlights Tata Electronics’ acquisition of iPhone supplier Wistron Infocomm
The Competition Commission of India (CCI) has granted approval for the Tata Electronics-Wistron deal. This proposed combination involves the acquisition of 100 per cent equity share capital of Wistron Infocomm...
Amber Group acquires 60% stake in Ascent Circuits
ILJIN Electronics, an Amber Group company, has acquired 60% stake in Ascent Circuits Pvt. Ltd. This will help Amber boost its electronic manufacturing services (EMS) portfolio by increasing its local value addition and...
Tatas complete acquisition of Wistron’s manufacturing facility in Karnataka
The Tata group has completed the acquisition of Taiwan’s Wistron’s manufacturing facility in Karnataka, marking its diversification into assembling Apple iPhones. The salt-to-software conglomerate signed a...
Hello Tata, goodbye Wistron: The anatomy of a $750 million takeover deal
The Tata Group’s acquisition of Wistron’s manufacturing facility, which will make it the first Indian firm to assemble iPhones, is worth a total $750 million inclusive of debt, said people with knowledge of...
UK competition watchdog probes $61 bln Broadcom -VMware deal
Britain’s competition regulator said it had started the first phase of an investigation into U.S. chipmaker Broadcom Inc’s $61 billion acquisition of cloud-computing firm VMware Inc. The Competition and...
Western Digital, Kioxia in advanced talks for merger, Bloomberg reports
Memory chip maker Western Digital Corp and Japan’s Kioxia Holdings Corp are in advanced talks for a possible merger which will involve a dual-listing, Bloomberg News reported on Friday. A combined Kioxia-Western...
Tata nears iPhone plant takeover to grow Apple supply role
Tata Group is close to taking over a major plant in southern India in a deal that would give the country its first homegrown iPhone maker. The airline-to-software conglomerate has been in talks with the factory’s owner...
Western Digital, Japan’s Kioxia restart merger talks – Bloomberg News
Memory chip maker Western Digital Corp and Japan’s Kioxia Holdings Corp have restarted merger talks, Bloomberg News reported, citing sources familiar with the matter. The report added that the structure of a...
Videocon Insolvency: Wisdom of creditors can’t fluctuate, Twinstar tells SC
The Supreme Court heard the appeal of Vedanta group’s Twinstar Technologies against the order of the National Company Law Appellate Tribunal (NCLAT). Appearing for Twinstar, Senior Advocate Abhishek Manu Singhvi said...
boAt withdraws IPO plans; to raise $60 million from Warburg, others
Imagine Marketing Pvt. Ltd, which operates audio gear and wearables brand boAt, is raising around $60 million ( ₹500 crore) in a fresh round of equity funding led by its existing backer Warburg Pincus and new investor...
