Bengaluru-based property developer RMZ is in the final round of negotiations to acquire 14-acre land of engineering and construction major Larsen & Toubro (L&T) in Bengaluru. If the deal goes through, it will...
TPG Capital picks 40% in RR Kabel for Rs 650 crore
TPG Capital has acquired a significant minority stake in RR Kabel, one of the leading building wires and low voltage cables manufacturers in India, the Texas-headquartered firm said in a statement. Though the terms of...
L&T Technology Services to buy Bangalore-based Graphene Semiconductor for Rs 93 crore
L&T Technology Services, a mid-sized engineering services company, will buy Graphene Semiconductor Services for Rs. 93 crore in an all cash deal, to strengthen its capability in chip design and embedded software...
Edelweiss group firm buys 3% stake in Techno Electric & Engineering Co
Edelweiss group firm Ecap Equities on Tuesday bought over 3 per cent stake in Techno Electric & Engineering Company for Rs 970 million, through open market transactions. Ecap picked up 3500 thousand shares...
L&T divests stake in L&T Tech to meet 25% minimum public shareholding
Larsen & Tourbo (L&T) on Thursday divested its stake in L&T Technology Services to comply with the 25 per cent minimum public shareholding requirement. The engineering giant is offering up to 6.6 million...
SKF divests linear and actuation unit in $314 million deal with Triton
Sweden’s SKF, the world’s biggest maker of industrial bearings, on Tuesday said it had agreed to divest its linear and actuation technology business to investment firm Triton for 2.75 billion crowns ($314 million). The...
General Electric to spin off healthcare unit, divest Baker Hughes stake
General Electric Co said on Tuesday it will spin off its healthcare business and divest its stake in oil-services company Baker Hughes, leaving the once-sprawling conglomerate focused on jet engines, power plants, and...
Austria’s Andritz buys U.S. firm Xerium for $833 million in cash
Austrian engineering group Andritz (ANDR.VI) has agreed to buy Xerium Technologies (XRM.N), a supplier of paper industry products, in a $833 million cash deal that helps diversify its offerings. The move will enable...
Varroc Engineering IPO to launch on 26 June
Auto component maker Varroc Engineering Ltd on Tuesday said it will launch its Rs 1,955 crore initial public offering (IPO) on 26 June. Varroc Engineering, backed by Tata Opportunities Fund, has fixed a price band of Rs...
Siemens CEO dismisses report of large turbines unit sell-off
Siemens (SIEGn.DE) Chief Executive Joe Kaeser dismissed a report the German engineering company was considering selling off its struggling large turbines business as “media speculation” on Tuesday. The Munich-based...
ICICI Bank’s insolvency plea may not be admitted by NCLT: Punj Lloyd
Engineering and construction firm Punj LloydNSE 2.36 % today expressed hope that the insolvency plea against the company by ICICI BankNSE 0.79 % would not be admitted by the National Company Law Tribunal (NCLT)...
Govt to sell 12% stake in RITES through IPO
State-owned engineering consultancy RITES Ltd on Tuesday said that it will launch its ₹466.2 crore initial public offering (IPO) on 20 June. The sale will close on 22 June. The company has set a price band of ₹180-185...
