The Ahmedabad bench of the National Company Law Tribunal (NCLT) has admitted the listed road infrastructure company, Sadbhav Engineering, under the corporate insolvency resolution process in an application filed by its...
Schneider Electric confirms Bentley Systems talks
Schneider Electric is in talks with U.S. engineering software producer Bentley Systems over a potential “strategic transaction”, it said on Friday without elaborating, sending the French company’s...
Protos, Paharpur Cooling get CCI nod to raise stake in Thyssenkrupp India
The Competition Commission of India (CCI) said on Tuesday it has cleared the acquisition of additional stake in Thyssenkrupp Industries India by Protos Engineering Company and Paharpur Cooling Towers. Thyssenkrupp...
Board of Aeroflex Industries approves acquisition of Hyd-Air Engineering
At meeting held on 02 April 2024 The Board of Directors of Aeroflex Industries at its meeting held today i.e. 02 April 2024 has approved to acquire 100% of the issued and paid-up share capital of Hyd-Air Engineering...
Shapoorji arm to raise Rs 700 cr through data centre stake sale
Sterling and Wilson, an engineering, procurement and construction company of the Shapoorji Pallonji Group, will raise ₹700 crore from a group of strategic investors through a stake sale in its data centre business...
Woodfield International acquires Woodfield UK to manufacture marine loading arms
Woodfield Systems International (WSI), manufacturer of products for transfer of bulk fluids and gas, on Monday said it has completed the acquisition of Woodfield Systems UK, for production of marine loading arms in...
Kilburn Engineering acquires turnkey solutions provider M E Energy
Kilburn Engineering announced on Wednesday the completion of its acquisition of M E Energy Private Limited, which specialises in waste heat recovery and waste heat reutilisation systems. The acquisition, effective...
Actis to acquire Patel Infra’s HAM assets for Rs 1,500 crore
Actis, the UK based investor in sustainable infrastructure, will acquire a portfolio of operational and under-construction Hybrid Annuity Model (HAM) road assets from Patel Infrastructure Limited (PIL). Actis has...
Gainwell Group acquires TIL Limited, invest Rs 1000 crore for expansion
Gainwell Group, India dealer of Caterpillar heavy equipment, acquired TIL Ltd (formerly Tractors India) and infused Rs 120 crore into the Kolkata-based construction equipment maker that includes Rs 70 crore for...
NCLT approves demerge of Thermax arms Thermax Cooling Solution, Thermax Instrumentation
Thermax on Tuesday said that the National Company Law Tribunal (NCLT) has approved the demerger of its arms Thermax Cooling Solutions and Thermax Instrumentation. “National Company Law Tribunal, Mumbai Bench vide...
NCLT okays BTL EPC’s McNally Bharat offer
The bankruptcy court in Kolkata has approved the acquisition of Khaitan family-promoted listed engineering firm McNally Bharat Engineering Co by BTL EPC. McNally Bharat had admitted liabilities of ₹5,015 crore. The...
Bain to sell Japan Wind Development to Infroneer for $1.5 billion, sources say
U.S. private equity firm Bain Capital has agreed to sell Japan Wind Development to Infroneer Holdings, a Japanese civil engineering group, for about $1.5 billion, two people with knowledge of the deal said. The sale was...
