Welspun Corp Ltd, the flagship firm of the Welspun Group, Friday said its board will meet next week to consider buyback of shares. A board meeting of the company will be held on May 14, 2019 to consider proposal...
Atlas Copco to buy cryogenics business from Brooks in $675 million deal
Swedish compressor and vacuum pump maker Atlas Copco is buying U.S.-based Brooks Automation’s cryogenic business in a $675 million cash deal to expand its vacuum technology portfolio, the companies said late on Monday...
Germany’s Knorr Bremse to decide on IPO in September: Boersen-Zeitung
German brake systems maker Knorr-Bremse will decide on a possible stock market flotation in September, Chief Financial Officer Ralph Heuwing told German daily Boersen-Zeitung. “As soon as everyone is back from vacation...
Exide Industries to acquire Tudor’s factory in Gujarat
Industrial and automotive battery maker Exide Industries Ltd on Monday announced it had reached an agreement with Tudor India Pvt Ltd to acquire its factory in Gujarat at an undisclosed price that is expected to be less...
Alstom signs $3 billion agreement with GE to exit energy joint ventures
French manufacturing group Alstom (ALSO.PA) said on Thursday it had signed an agreement with General Electric (GE.N) to exit three joint ventures in return for a payment of 2.594 billion euros ($3.08 billion). The three...
KKR to invest Rs1,250 crore in Sintex unit
Sintex-BAPL Ltd, a subsidiary of Sintex Plastics Technology Pvt. Ltd, on Thursday said private equity fund KKR India and its affiliates have agreed to invest Rs1,250 crore in the company. Sintex-BAPL is part of the...
Xerox in talks for deal with Fujifilm – WSJ
Printer manufacturer Xerox Corp is in talks to do a deal with Japanese camera maker Fujifilm Holdings Corp that could include a change in control of Xerox, the Wall Street Journal reported on Wednesday, citing people...
ITC, JK Paper among potential suitors for Sirpur Paper Mills
Telangana-based Sirpur Paper Mills Ltd, which is in the middle of insolvency proceedings at the Hyderabad bench of the National Company Law Tribunal (NCLT), has received initial expressions of interest from several...
Hyundai Heavy Industries plans to raise $1.2 billion in sale of new shares
Hyundai Heavy Industries Co., the world’s second-biggest shipbuilder, plans to raise about 1.29 trillion won ($1.2 billion) selling new shares for working capital amid shrinking orders in the global industry. The...
Amara Raja invests Rs 700 cr in new two-wheeler battery facility
India’s leading battery major Amara Raja Batteries Ltd (ARBL) will strengthen its two-wheeler battery plant with an estimated investment of Rs 700 crore. The company said it had started catering to electric vehicles as...
Kirloskar group in talks for majority stake sale in diesel generator unit
The Kirloskar group is in talks to sell a controlling stake in Kirloskar Oil Engines Ltd, its diesel generator manufacturing business, two people aware of the plan said. Kirloskar Oil Engines, one of the leading...
Blackstone in talks to buy majority stake in Comstar
Blackstone Group LP is set to buy a majority stake in Comstar Automotive Technologies Pvt. Ltd in a transaction that values the auto parts maker at $140-150 million (Rs1,000 crore), two people aware of the discussions...
