German engineering company Siemens is selling a 2% stake in healthcare subsidiary Siemens Healthineers, it said on Wednesday, raising roughly 1.45 billion euros ($1.5 billion) that could help pay for its acquisition of...
Morgan Stanley buys 1.5% in Sterling & Wilson Renewable Energy
Investment banking firm Morgan Stanley on Tuesday bought a 1.5 per cent stake in Sterling and Wilson Renewable Energy for ₹103 crore through an open market transaction. Billionaire Mukesh Ambani’s Reliance New...
Kilburn Engineering completes acquisition of Monga Strayfield
Kilburn Engineering has completed the acquisition of Monga Strayfield, a global pioneer in radio frequency drying and heating technologies. The acquisition valued at Rs 123 crore will further strengthen Kilburn...
China’s Sany Heavy is considering stake sale in India business
Chinese construction-machinery maker Sany Heavy Industry Co. is considering selling a stake in its India business, according to people familiar with the matter. The company has held talks with prospective financial...
Honeywell considers spinning off aerospace business amid Elliott’s breakup push
Honeywell said on Monday it was considering a plan to separate its high-margin aerospace business, a move backed by activist investor Elliott Investment Management, which has been pushing for the company’s breakup...
Cargotec to sell cargo business to Triton for over $500 mln
Finnish engineering firm Cargotec Corp said on Thursday it would sell its cargo handler business MacGregor to European private equity firm Triton in a deal valued at 480 million euros ($506 million), including debt. The...
Italy’s Maire says Al Nowais buys 5% Nextchem stake, to target Middle East
Italy’s Maire said on Wednesday that Yousef Al Nowais had bought a 5% stake in Nextchem, valuing the engineering company’s subsidiary at 1.25 billion euros ($1.33 billion). Maire said Al Nowais, who became...
Adani Group looks to acquire ITD Cementation, to buy 46.64% from promoters
Adani Group is looking to acquire close to 73% stake in ITD Cementation India for an estimated Rs 5,759 crore ($685 million), a move that will give the Gautam Adani-led conglomerate in-house engineering, procurement and...
Honeywell to spin off advanced materials unit in CEO’s growth push
Honeywell will spin off its advanced materials unit into a publicly traded company, the U.S. conglomerate said on Tuesday, simplifying its business to sharpen its focus on aviation, automation and energy transition. The...
L&T acquires 12.25% stake in Indian Foundation for Quality Management
Engineering and construction conglomerate Larsen & Toubro (L&T) on Friday said it has acquired 12.25 crore equity shares of the Indian Foundation for Quality Management (IFQM), representing a 12.25 per cent...
Wipro Infrastructure Engineering acquires US-based Columbus Hydraulics
Wipro Hydraulics, part of homegrown Wipro Infrastructure Engineering, on Thursday said it has acquired the US-based Columbus Hydraulics to strengthen its presence in North American market. The company did not disclose...
Sadbhav Engineering seeks debt restructuring; interim debt at two SPVs
Listed infrastructure firm Sadbhav Engineering is working on a debt restructuring plan for Rs 750 crore, extending the debt repayment period up to seven years. As directed by the National Company Law Tribunal (NCLT, the...
