The board of EPL Limited, formerly Essel Propack Ltd, has approved the acquisition of Creative Stylo Packs Ltd in a part-cash and part-stock transaction. Creative Stylo Packs is an established manufacturer of corrugated...
Japan’s Kyokuto Kaihatsu Kogyo acquires Bengaluru-based Satrac Engineering
Japan’s construction equipment manufacturer Kyokuto Kaihatsu Kogyo has acquired Satrac Engineering, a Bengaluru-based manufacturer of special-purpose vehicles such as truck tipper bodies, trailers, and tank trucks in...
Sweden’s Atlas Copco agrees to buy Perceptron to expand into machine vision
Sweden’s Atlas Copco said on Monday it had agreed to buy U.S group Perceptron, a supplier of automated metrology products, for 630 million Swedish crowns ($69 million) to expand in machine vision and factory...
Government raises Rs 770 cr from Bharat Dynamics stake sale
The government has raised Rs 770 crore from stake sale of ammunition and missile systems manufacturer Bharat Dynamics Ltd through an offer for sale, which concluded on Wednesday. “BDL OFS concluded today with a total...
Murugappa Group’s Tube India makes winning bid for CG Power in Swiss challenge
Murugappa group’s Tube Investments of India Ltd has been declared as the successful bidder for acquiring the majority stake in stressed power equipment maker CG Power and Industrial Solutions Ltd, the company said...
After KKR, L&T Finance, now Yes Bank sells CG Power shares worth ₹76 crore
Private sector lender Yes Bank Ltd on Tuesday, offloaded 5.18 crore shares or 8.27% equity stake in CG Power & Industrial Solutions Ltd for ₹76 crore, via open market transactions, joining other institutional...
L&T Finance sells its remaining CG Power stake for ₹73 crore
L&T Finance Ltd on Monday divested its remaining 8.4% stake in CG Power & Industrial Solutions Ltd for ₹73 crore, through open market transactions. The bulk deal data available with the stock exchanges, L&T...
KKR, L&T Finance sell part of their stakes in CG Power
Private equity giant KKR and L&T Finance Ltd on Friday pared their stakes in CG Power and Industrial Solutions for a total of over ₹63 crore through open-market transactions. As per the bulk deal data available on...
Banks eye better CG Power offer
Lenders to CG Power and Industrial Solutions Ltd on Wednesday asked interested entities to better an offer made by Tube Investments of India Ltd for a majority stake in the stressed power equipment maker, in an attempt...
IndusInd Bank acquires 7.82% stake in Eveready by invoking pledged shares
Private sector IndusInd Bank on Saturday said it has acquired 7.82 per cent stake in battery maker Eveready Industries by invoking pledged shares following loan default. The bank invoked pledge on 56,83,320 shares...
Murugappa Group led Tube Investments to acquire 56% stake in CG Power for ₹700 crore
Murugappa Group led Tube Investments of India Limited has agreed to invest ₹700 crore in fraud-hit CG Power and Industrial Solutions Limited for 56% stake, according to a regulatory filing. In a statement to BSE, CG...
Prysmian to buy EHC Global to bolster elevator business
Prysmian has agreed to buy Canadian components manufacturer EHC Global in a C$130 million ($97 million) deal to strengthen its position in cables and devices for elevators, the Italian company said on Wednesday. The...