The Competition Commission of India (CCI) has given its approval for Sajjan Jindal-promoted JSW Group’s proposed acquisition of up to 38 per cent stake in MG Motor India. “The Acquirer is a newly...
US Steel to be acquired for more than $14 billion by Nippon Steel
U.S. Steel, the Pittsburgh steel producer that played a key role in the nation’s industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion. The transaction is...
JSW Infrastructure to buy majority stake in PNP Port for ₹270 crore
JSW Infrastructure said that it will acquire a majority stake in PNP Maritime Services (PNP Port) from Shapoorji Pallonji (SP) Group for a cash payment of ₹270 crore. PNP Port operates multi-purpose jetties at Shahbaj...
JSW Group to acquire 35% stake in MG Motor India
Sajjan Jindal-promoted JSW Group inked an agreement with China’s SAIC Motor to acquire 35% stake in Indian subsidiary MG Motor India to jointly run automobile operations in the country. As per the agreement reached...
ONGC wins bid to acquire PTC’s wind power unit for Rs 925 cr
Oil and Natural Gas Corporation (ONGC) has won a bid to acquire PTC India Ltd’s wind power unit for Rs 925 crore as the state-owned firm continues to build a renewable energy portfolio to balance its fossil fuel...
CCI clears acquisition of Hitachi Astemo by HMCL, Japan Investment Corp
Fair trade regulator Competition Commission of India (CCI) said it has cleared the acquisition of certain shareholding in Hitachi Astemo Ltd (HAL) by Japan Investment Corporation and Honda Motor Co Ltd (HMCL). The...
JSW may buy Ford’s shut Chennai plant
The Sajjan Jindal-led JSW Group is in advanced talks to acquire the shuttered Chennai factory of Ford Motor Co. for its planned entry into electric-vehicle (EV) space, two people aware of the matter said. “Talks started...
Schaeffler India to fully acquire auto spare parts platform Koovers for Rs 142.4 cr
Schaeffler India Ltd said it will fully acquire KRSV Innovative Auto Solutions Pvt Ltd, an automotive aftermarket spare parts platform, for Rs 142.4 crore. Bengaluru-based KRSV Innovative Auto Solutions, which operates...
Hyundai Motor to acquire General Motors’ Talegaon plant
Hyundai Motor India, today signed an Asset Purchase Agreement (APA) for the acquisition and assignment of identified assets related to General Motors India (GMI)’s Talegaon Plant in Maharashtra. Unsoo Kim, Managing...
Albemarle to take 5% stake in Patriot Battery Minerals for Canada lithium
Canada-based lithium developer Patriot Battery Metals, said Albemarle would invest C$109 million ($82.6 million) for an around 5% stake in the company, sending its Australia-listed shares up nearly 21%. Albemarle, the...
Ramkrishna Forgings acquires Multitech Auto, Mal Metalliks for Rs 205 crore
Ramkrishna Forgings Ltd said it has acquired Multitech Auto Private Ltd and its wholly-owned subsidiary Mal Metalliks Private Limited for Rs 205 crore. Multitech Auto and Mal Metalliks manufacture various parts for...
Samvardhana Motherson to acquire 81% stake in Honda Motor arm Yachiyo
Auto parts maker Samvardhana Motherson International (SAMIL) announced on July 4 that it will buy a majority stake of 81 per cent in Japan-based auto-part maker Yachiyo Industry’s four-wheeler (4W) business...