As part of its expansion into the e-mobility space, Murugappa group company Tube Investments of India (TII) has acquired the entire shareholding of Cellestial E-Mobility Pvt Ltd, a Hyderabad-based startup engaged in the...
Tata Group in talks to buy iPhone maker Wistron’s India facility: Report
Tata Group is in discussions with Taipei’s Wistron Corp, one of Apple Inc’s top vendors in India, to buy its manufacturing facility in Karnataka for up to ₹5,000 crore ($612.6 million), suggested a report by...
HyperloopTT to go public via SPAC led by former Disney execs
High-speed transportation systems maker Hyperloop Transportation Technologies (HyperloopTT) said on Tuesday it would list its shares in the United States through a deal with a blank-check firm at a pre-money valuation...
Regal Rexnord to buy rival Altra in $5 bln deal in bets on automation demand
U.S. manufacturer Regal Rexnord Corp will buy rival Altra Industrial Motion Corp in a $5 billion deal including debt, it said on Thursday, bolstering its automation business amid red-hot demand due to a worker shortage...
Sojitz Corp sells 2.83% stake in Samvardhana Motherson for Rs 825 crore
Sojitz Corporation on Tuesday divested 2.83 per cent stake in auto component major Samvardhana Motherson International for Rs 825 crore through an open market transaction. According to the bulk deal data available with...
Veritas Capital to buy Carlyle’s Chromalloy for $1.6 bln – sources
Private equity firm Veritas Capital Fund Management LLC has agreed to buy aircraft parts manufacturer Chromalloy Gas Turbine LLC from Carlyle Group Inc for more than $1.6 billion, including debt, according to people...
RBL Bank offloads over 12% stake in Kilburn Engg since May for Rs 17 cr
RBL Bank said it has offloaded over 12 per cent stake in Kilburn Engineering since May for a total consideration of over Rs 17 crore. The private sector lender had acquired 67,50,000 equity shares of Kilburn Engineering...
Zetwerk acquires 3 firms for ₹100 cr to strengthen industrial business
Global manufacturing network, Zetwerk has acquired three companies to strengthen its industrial vertical business in the segment of oil and gas, aerospace, defence, and infrastructure components. The transaction is...
Siemens Board Okays Large Drives Applications Biz Sale To Siemens Ag Arm
Siemens Ltd.’s Board has approved the sale of large drives applications business to a subsidiary of Siemens AG for ₹440 crore. “Following a valuation done by an external independent valuer, the LDA business was...
Lenders restructure Jain Irrigation’s debt worth Rs 3,878 cr
Lenders led by State Bank of India to ailing Jain Irrigation Systems Ltd (JISL) have completed restructuring of debt worth Rs 3,878 crore. The debt recast covered aspect like converting about 40 per cent of the total...
Hyundai, Daewoo tie-up gets EU antitrust veto
Hyundai Heavy Industries proposed takeover of rival Daewoo Shipbuilding & Marine Engineering Co Ltd to create the world’s biggest shipbuilder was hit with an EU veto on Thursday on concerns that the deal would...
Polymer maker Kraton explores sale of the company -sources
Kraton Corp, a U.S. manufacturer of polymers used in adhesives, coatings and personal care products, is exploring options that include a potential sale of the company, people familiar with the matter said on Tuesday...
