The National Company Law Tribunal allowed the liquidator in the Punj Lloyd case time till July 23 for the liquidation of the company. The liquidator can file a fresh application after July 23 for seeking more time, the...
HCLTech to acquire German engineering firm ASAP Group for $279 million
HCLTech has signed a definitive agreement to acquire a 100 per cent equity stake in ASAP Group, a German automotive engineering services provider, for Euro 251.1 million (about $279 million). The acquisition is expected...
Sachin Tendulkar picks up small stake in AZAD Engineering
Cricket legend Sachin Tendulkar has made an undisclosed strategic investment and picked up a small stake in AZAD Engineering, provider of engineering and technology solutions for global OEMs in the Clean Energy...
NCLT junks insolvency plea against Simplex, cites co’s stuck receivables
In a setback to banks, the Kolkata bench of the National Company Law Tribunal (NCLT) has dismissed a petition by the Central Bank of India to start insolvency proceedings against Simplex Infrastructures, noting that the...
Bosch to buy TSI Semiconductors, invest $1.5 billion to expand US output
Germany’s Bosch Group said it is acquiring key assets of US chipmaker TSI Semiconductors. Bosch said on Wednesday it plans to invest $1.5 billion to retool TSI’s chip production facilities in Roseville...
Megha Engineering acquires KPSI transmission project from RECPDCL
REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of state-owned REC Limited, has transferred the KPS1 Transmission Ltd project-specific Special Purpose Vehicle (SPV) to Megha Engineering &...
KSB acquires Bharat Pumps and Compressors
KSB Limited, one of the leading suppliers of pumps, valves, and systems, recently announced the acquisition of technology from Bharat Pumps and Compressors Ltd. Naini, Prayagraj, informed KSB in a media release. “With...
Apax Partners set to buy up to 40% stake in engineering firm Quest Global
PE Group Apax Partners is all set to acquire a significant minority stake in Quest Global Services, a leading engineering outsourcing firm, after outbidding the only other firm contender The Carlyle Group, said multiple...
With $1 billion, Apax leads in race for Quest Global stake
Private equity firm Apax Partners has emerged as the frontrunner to acquire a stake in engineering services provider Quest Global Services Pte Ltd, two people with knowledge of the development said. Apax Partners is...
Axiscades acquires Mistral Solutions for Rs 296 crore
Axiscades Technologies Ltd on Friday announced the completion of the acquisition of Mistral Solutions Private Ltd (MSPL) for Rs 296 crore. In a statement, Axiscades said it completed the acquisition of MSPL in a phased...
Triveni Engineering promoter to sell 7% stake
The promoter of Triveni Engineering Industries Ltd Dhruv Sawhney will pare his stake in the company through a secondary placement. This will comprise 17 million shares or a 7.03% stake in the company at ₹280-285 apiece...
Vienna-based RHI Magnesita to buy Dalmia Bharat Refractories’ refractory business for Rs 1,708 cr
RHI Magnesita is in process of acquiring the refractory business of Dalmia Bharat Refractories Limited (DBRL) in India for about Rs 1,708 crore, Stefan Borgas, CEO of the Vienna-based company, has said. The share swap...
