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...
NCLT asks Sadbhav Engg CEO to settle creditor dues
The bankruptcy court has directed the chief executive of listed infrastructure company Sadbhav Engineering to resolve the issue of payment to its creditors in consultation with its board. The Ahmedabad bench of the...
JK Solutions-led group’s Valecha buy gets NCLT nod
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the acquisition of bankrupt listed infrastructure firm Valecha Engineering Ltd by a consortium of JK Solutions Pvt Ltd and One Media Facility...
Bosch weighs offer for appliance maker Whirlpool, sources say
German engineering group Robert Bosch is weighing a bid for U.S. appliances manufacturer Whirlpool, according to three people familiar with the matter, a move that would boost its position in the household appliances...
Craftsman Automation rallies after inking MoU to acquire Sunbeam
Craftsman Automation surged 8.79% to Rs 5,260 after the company announced that it has entered into a memorandum of understanding (MoU) with Sunbeam Lightweighting Solutions Private (Sunbeam) and Kedaara Capital Fund II...
Endurance Technologies announces acquisition of 100% stake in Ingenia, Italy
Endurance Technologies announced that Endurance Overseas Srl, Italy, subsidiary of the Company, has acquired 100% stake in Ingenia Automation Srl (Ingenia), Italy, with an effective date of 31 May, 2024. Ingenia, based...
Sidara raises proposed buyout offer for UK’s Wood Group for third time
Dubai-based engineering and consulting firm Sidara raised its proposed takeover offer for John Wood Group for the third time, saying that was its “final offer” for the British oilfield services and...
Schneider Electric ends deal talks with Bentley Systems
Schneider Electric said on Wednesday that its talks with U.S. engineering software maker Bentley Systems regarding a potential “strategic transaction” have ended. “Those discussions are now mutually...
Balu Forge Industries acquires 72,000-tonne forging lines in Karnataka
Balu Forge Industries Ltd (BFIL) has acquired three forging lines having a combined capacity of producing 72,000 tonnes of heavy forged products annually for an undisclosed amount. The units are located in Karnataka...
Siemens to sell drive division to KPS for $3 billion, sources
Germany’s Siemens will sell its Innomotics large motors and drives division to financial investor KPS Capital Partners for 3 billion euros ($3.25 billion), two sources familiar with the matter said on Wednesday...
Salasar Techno Engineering completes acquisition of EMC for Rs 178 crore
Salasar Techno Engineering Ltd (STEL) on Wednesday said it has paid Rs 168 crore as balance payment to complete the acquisition of EMC Ltd through an insolvency process. The total acquisition cost of the engineering...
UK’s Wood Group rejects engineering firm Sidara’s 1.4 bln pound bid
British oilfield services and engineering firm John Wood Group rejected a potential 1.42 billion pound ($1.77 billion) buyout proposal from Dubai-based firm Sidara on Wednesday, saying it “undervalued Wood and its...
