TRF Ltd, an associate company of Tata Steel, has signed an agreement to acquire Dutch Lanka Trailer Manufacturers Ltd (DLT). In the first phase, TRF would acquire a 51 per cent stake for $8.67 million and also sign a...
Kirloskar Brothers Ltd is eyeing acquisitions in the US, the UK
Pump major Kirloskar Brothers Ltd is eyeing acquisitions in the US, the UK and the Far East, according to its Vice-President and Sector Head, Mr Pradeep Chapalgaonkar. The company has initiated talks with four-five...
Govt looking at proposal to divest 10% in BHEL
The Government is considering the proposal to divest 10 per cent stake in Bharat Heavy Electricals Ltd, the Minister for Heavy Industries and Public Enterprises, Mr Vilasrao Deshmukh said on Friday in response to a...
Steer acquires Chinese pipeline firm
Steer, a leading player in polymer processing machinery, has acquired Zheng Feng of China, a single screw pipeline manufacturer, to strengthen its position as a leading extruder designer and manufacturer. This...
Titagarh Wagons amalgamation ratio with Titagarh Steel: 1:36
Titagarh Wagons Ltd today announced that the exchange ratio for the amalgamation of Titagarh Steel with the company had been fixed at 1:36. The company informed the stock exchanges...
McNally Bharat to acquire engineering workshop in Germany
McNally Bharat Engineering Company (MBE), a joint venture between the Williamson Magor group and GP Birla group, will acquire an engineering workshop in Cologne, Germany and the CMT (coal and mineral technology)...
Magicut Tools Equity Shareholder approves Scheme of Amalgamation
Magicut Tools Ltd has informed BSE that pursuant to the order made by Hon’ble High Court of Judicature at Bombay, the equity shareholder of Magicut Tools Ltd the transferee Company at its meeting held on May 04...
STFC to hive of construction equip fin biz
Shriram Transport Finance ( STFC), India’s largest asset financing NBFCs and a dominant player in financing second hand trucks, has lined of slew of initiatives to build up its portfolio through inorganic route...
Titagarh Wagons sees drop in FII holdings ahead of planned merger
Titagarh Wagons has seen around 3.78 percentage points drop in FII holding in its equity in the fourth quarter to March 31 as compared to the previous quarter. However, holdings of five overseas investors — GE...
Everest Kanto completes stake acquisition in CC&L
Everest Kanto Cylinder Ltd completes acquisition of the Kolkata-based Calcutta Compressions and Liquefaction Engineering Pvt Ltd (CC&L). According to an EKC release, the company has acquired 72.65 per cent...
Canada’s Stantec agrees to buy MWH in $793 million cash deal
Canadian engineering firm Stantec Inc (STN.TO) said on Tuesday it had agreed to purchase MWH, a water resources infrastructure company based in Colorado, for $793 million in cash. Stantec said the acquisition of MWH...
EMC to merge with Williamson Magor engineering subsidiaries
The BM Khaitan-controlled Williamson Magor Group’s engineering arms and transmission tower maker EMC Ltd are being merged to create a giant engineering joint venture with a turnover of Rs 6,000-7,000 crore...
