Motherson Sumi Systems Ltd (MSSL), the flagship company of auto parts maker Samvardhana Motherson Group (SMG) remains focussed on new acquisitions even though the company’s debt level has increased sharply. In an...
European EPC major A&M Group enters India in JV with Oberoi Group
Leading European infra player A&M Development Group has inked a joint venture with the Delhi-based engineering and construction player Oberoi Group to enter the country. The joint venture Oberoi-A&M Infra...
L&T board approves fund raising up to Rs 9000 crore via various instruments
Engineering conglomerate Larsen & Toubro (L&T) on Thursday said the company’s board has approved fund raising plans for up to Rs 9,000 crore through various instruments, including non convertible debentures...
Japan’s Kubota to acquire 10% stake in Escorts for Rs 1,042 crore
Engineering conglomerate Escorts Friday said Japan’s Kubota Corporation will acquire 10% equity stake engineering in the firm for Rs 1042 crore. Upon completion of this transaction, Escorts and Kubota will partner and...
How Conzerv Systems and Schneider Electric managed a tricky biz of merger
Most acquisitions fail because of a cultural clash. But Conzerv Systems and Schneider Electric managed this thorny issue successfully. Hema Hattangady & Ashish Sen throw light on what worked for the two companies in...
Hero Electronix arm acquires chip design services firm T&VS
Hero Electronix, a part of the Hero Group, on Wednesday acquired Test & Verification Solutions (T&VS), a provider of chip design services. The acquisition was made through Tessolve, a Hero Electronix venture and...
Pass order on plea within 2 months: NCLAT to NCLT on GE Triveni issues
The National Company Law Appellate Tribunal (NCLAT) on Monday asked the Bengaluru bench of NCLT to make a decision on the arbitration plea, preferably within two months, in the ongoing dispute between the JV partners of...
McNally Bharat close to reaching rescue deal
McNally Bharat Engineering Ltd (MBEL), the stressed engineering company of the Williamson Magor Group (WMG), is close to roping in an Iceland-based strategic investor to tide over the ongoing financial crisis in the...
Govt plans to sell 15% stake in HAL via OFS
The government is planning to sell 15 per cent stake in Hindustan Aeronautics Ltd (HAL) through an offer for sale, which could fetch about Rs 4,000 crore to the exchequer. The government is looking to appoint up to...
France’s ENGIE to sell 74% stake in India business to Edelweiss’ fund
Energy firm Engie SA of France, one of the largest foreign solar power investors in India, said on Thursday that it will sell a 74% stake in its local solar business to Edelweiss Infrastructure Yield Plus (EIYP) fund...
Imerys to buy CK Birla co’s thermal insulation business
France-based Imerys Group, world leader in mineral-based specialities, has agreed to buy thermal insulation business from CK Birla Group-controlled Hyderabad Industries. Definitive agreements have been signed between...
CK Birla group firm NEI acquires Slovakia-based Kinex Bearings
National Engineering Industries (NEI), a part of the USD 2.4 billion diversified CK Birla Group, on Wednesday said it has acquired Slovakia-based Kinex Bearings. The company, a leading bearing manufacturer in the...
