Bengaluru-based auto-component maker Sansera Engineering Pvt. Ltd has started a process to appoint investment bankers for its initial public offering (IPO) that could see the company raise around Rs750-1,000 crore, said...
Harsha Engineers plans Rs500 crore share sale
Harsha Engineers Ltd, which makes ball bearing cages, has started work on an initial public offering (IPO) which could see the manufacturer raise as much as Rs500 crore, three people aware of the development said. The...
Schneider deal done, L&T says no more non-core divestment on the cards
For engineering conglomerate Larsen & Toubro (L&T), the deal signed on Tuesday with Schneider may mark the end of non-core divestments for some time, according to company officials. However, analysts remain...
Schneider to buy L&T unit for Rs 14,000 crore
Schneider Electric, a global player in energy management and automation, has entered into a definitive agreement with Larsen & Toubro, a leading Indian conglomerate, to buy its electrical & automation business...
Larsen & Toubro to sell its electrical unit to Schneider for $2.1 billion
Larsen & Toubro, India’s largest engineering and construction company, has agreed to sell its electrical unit to a consortium led by Schneider Electric SE, people with knowledge of the matter said. A deal, which...
Schneider-Temasek may announce a deal to buy L&T’s electric & automation business
After months of lull, the consortium of Schneider Electric of France and Singapore’s Temasek Holdings has resumed negotiations to acquire Larsen & Toubro’s electrical and automation business. An announcement is...
Cyient and BlueBird Aero Systems form joint venture to offer UAV Systems
Cyient, a provider of engineering design, manufacturing, geospatial, networks, and operations management services and Israel-based BlueBird Aero Systems on Wednesday announced a joint venture to offer field...
Jyoti Structures resolution plan may get fresh lease of life
In a last-ditch attempt to stave off liquidation, the resolution professional (RP) of debt-ridden Jyoti Structures Ltd approached the bankruptcy court on 2 April—the deadline for clearing an insolvency resolution...
ATON raises stake in South Africa’s Murray & Roberts in takeover attempt
German investor ATON said on Thursday it had raised its stake in South Africa’s Murray & Roberts (MURJ.J) to 33.1 percent as it seeks to takeover the engineering and construction firm despite management opposition...
TPG Capital, Blackstone vie for Kirloskar Oil Engines
Global private equity funds Blackstone Group Lp and TPG Capital are in separate discussions to acquire a controlling stake in Kirloskar Oil Engines Ltd, two people aware of the development said. The deal is expected to...
Dhoot Transmission set to buy UK’s Parkinson Harness
Dhoot Transmission, an Indian wiring harness manufacturer, is acquiring UK-based Parkinson Harness Technology in a deal likely to be announced this week, people close to the development said. Dhoot Transmission declined...
HG Infra Engineering to launch its Rs462 crore IPO on 26 February
Jodhpur-based HG Infra Engineering Ltd on Friday said it will launch its Rs462 crore initial public offering on 26 February. HG Infra has set a price band of Rs263-270 per share for the IPO. The offer will close on 28...
