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...
Ness Digital Engineering acquires Slovakia based CassaCloud
Digital transformation and custom software engineering service Ness Digital Engineering has acquired CassaCloud. Based out of Slovakia, CassaCloud is a consultancy which specialises in salesforce implementation...
Nicco Corporation’s liquidation: NCLT order may revive investor interest
The National Company Law Tribunal’s order asking two directors of Nicco Parks & Resorts to vacate their positions may revive investor interest in the sale of Nicco Corp’s 25% stake in it, said Vinod Kothari, the...
Capgemini bid for Altran not delayed, offer closing date set
French software consultancy firm Capgemini encouraged Altran investors to tender their shares by January 22, the new closing date for its friendly offer set Wednesday by market regulator AMF after judges ruled against...
ELGi Equipments acquires Michigan Air Solutions
ELGi Compressors USA, Inc., a subsidiary of Elgi Equipments Limited, a global supplier of compressed air solutions, announced its acquisition of Michigan Air Solutions, one of the largest independent air compressor...
Advent, Bain, GIC in talks to sell stake in Quest Global
Private equity firms Advent International and Bain Capital as well as Government of Singapore Investment Corp (GIC) are in preliminary talks for a partial or full exit of their stake in engineering services firm Quest...
Greaves Cotton completes Ampere Vehicles acquisition via secondary purchase
Greaves Cotton today announced the completion of its acquisition of the entire shareholding of Hemalatha Annamalai in Ampere Vehicles Pvt Ltd through a secondary purchase. In the process it has taken absolute control of...
Sembcorp buys out Gayatri Projects’ 5.95% stake in its subsidiary for ₹406 cr
Sembcorp Utilities, a wholly-owned subsidiary of Sembcorp Industries (Sembcorp), has signed a non-binding term sheet with Gayatri Energy Ventures Pte Ltd (GEVPL), a wholly owned subsidiary of Gayatri Projects Limited...
Legrand India to scale up manufacturing, also open to acquisitions: CEO
French electrical equipment maker Legrand plans to scale up its manufacturing capability in India as it diversifies its presence here and scouts for acquisition opportunities with an eye on the local market potential...
Govt collects ₹729 cr from sale of 10% stake in RITES
Finance Ministry has collected ₹729.44 crore from divestment of 10% stake, or 2.5 crore equity shares, in its railway engineering consultancy company RITES Ltd through the Offer-For-Sale (OFS) route. “Government...
McNally creditor withdraws insolvency petition after out-of-NCLT settlement
Financially stressed Williamson Magor group, promoted by the Khaitan family, got a major relief on Friday as the Kolkata bench of the National Company Law Tribunal (NCLT) allowed a financial creditor to withdraw its...
