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...
Zetwerk raises $21 million funding led by Greenoaks Capital
Business-to-business (B2B) manufacturing platform Zetwerk has raised $21 million ( ₹160 crore) as part of its Series C round, led by existing investor US-based Greenoaks Capital. Existing investors including Accel, Kae...
Pidilite acquires majority stake in Tenax India Stone Products
Pidilite Industries, the maker of Fevicol, entered into an agreement with Italy’s Tenax SPA for acquiring a 70% stake in Tenax India Stone Products for cash consideration of about Rs 80 crore. The Italian company...
CCI approves acquisition of WABCO Holdings by ZF Friedrichshafen AG
ZF is a global technology company that develops, manufactures and distributes products and systems for passenger vehicles, commercial vehicles and industrial technology among others, CCI said in a press release. Fair...
