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...
LIC trims stake in Engineers India by 2%, now holds 3%
The insurance behemoth disclosed in a regulatory filing on November 23 that it sold 1.14 crore shares of Engineers India during the period from February 02, 2021, to November 22, 2023, at an average price of ₹118.08...
Siemens Energy considering to sell substantial part of 24% stake to Siemens
Siemens Energy AG is considering selling a substantial part of its 24% stake in a listed Indian affiliate to former parent Siemens AG as part of efforts to shore up its balance sheet, according to people familiar with...
Swan Energy-Hazel Mercantile make payment of first tranche to acquire Anil Ambani’s Reliance Naval and Eng
Swan Energy paid Rs 231.4 crore to lenders, the first full tranche of payment for acquiring Anil Ambani- promoted Reliance Naval and Engineering Ltd in a bankruptcy auction, the company said in a statement to the Bombay...
Mitsubishi Corp considering bid for Fujitsu’s chip unit Shinko Electric – sources
Mitsubishi Corp is considering bidding for Fujitsu’s chip packaging unit Shinko Electric Industries, two sources said, as Japan’s top trading house weighs an entry into semiconductor manufacturing...
