General Electric Co will sell assets with “urgency” to reduce its high debt, Chief Executive Officer Larry Culp said on Monday, as GE shares tumbled as much as 10 percent and the cost of insuring its debt hit a six-year...
GE in talks to sell commercial lighting unit to PE firm: Bloomberg
General Electric Co (GE.N) is in talks to sell its commercial lighting business to private equity firm American Industrial Partners, Bloomberg reported on Monday, citing people familiar with the matter. The deal could...
Kirloskar brothers go to NCLT as rift widens
Cracks in the Kirloskar family, which controls the 130-year-old Kirloskar Group, have widened. Brothers Rahul Kirloskar and Atul Kirloskar have approached the Mumbai bench of the National Company Law Tribunal (NCLT) to...
GE to sell $1 billion of energy investments to Apollo Global
General Electric Co (GE.N) said on Monday it plans to sell a portfolio of $1 billion in energy investments to Apollo Global Management LLC (APO.N), as the U.S. conglomerate sheds assets in its finance arm to focus on...
Shinryo Corporation acquires Suvidha Engineers India
Japanese heating, ventilation, and air conditioning (HVAC) major Shinryo Corporation Wednesday announced the acquisition of Suvidha Engineers India Pvt Ltd for an undisclosed sum. The deal has been concluded and signed...
Emerson Electric to buy GE’s intelligent platforms division
Factory automation equipment maker Emerson Electric Co (EMR.N) on Tuesday agreed to buy General Electric Co’s (GE.N) intelligent platforms business, a day after the conglomerate replaced its chief executive officer. The...
Singapore’s ST Engineering to buy aircraft part maker from GE for $630 million
Singapore Technologies Engineering Ltd on Thursday said it had agreed to purchase aircraft part manufacturer MRA Systems from General Electric Co for $630 million. The Singapore-based company, which conducts maintenance...
RMZ offers Rs 8.15 billion to acquire L&T’s 14-acre land in Bengaluru
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...
