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...
Wipro Pari makes strategic investment to acquire significant majority of Ferretto Automation & Services
Wipro Pari, the industrial automation business of Wipro Enterprises, announced it has signed a definitive agreement to acquire a significant majority share capital of Ferretto Automation and Services, a subsidiary of...
NCLT directs Swan Energy to make upfront payment for Reliance Naval
The Ahmedabad bench of NCLT has asked Swan Energy, the firm that had won the bid to buy Reliance Naval and Engineering Ltd in an insolvency proceeding, to make the upfront payment it had proposed in the resolution plan...
GG Engineering, Integra Essentia get board approvals to execute merger plan
The board of GG Engineering Ltd has approved a merger plan of the company with Integra Essentia Limited, which is in the steel and renewable energy business. The proposal remains subject to several other necessary...
