The board of GG Engineering Ltd has approved a merger plan of the company with Integra Essentia Limited, which is in the steel and renewable energy business. The proposal remains subject to several other necessary...
HCLTech to acquire German engineering firm ASAP Group for $279 million
HCLTech has signed a definitive agreement to acquire a 100 per cent equity stake in ASAP Group, a German automotive engineering services provider, for Euro 251.1 million (about $279 million). The acquisition is expected...
Engineering consultant NV5 Global explores sale
NV5 Global Inc, a U.S. engineering consultant whose business has taken a hit from its exposure to commercial real estate, is exploring a sale, according to people familiar with the matter. NV5 is in the early stages of...
Sachin Tendulkar picks up small stake in AZAD Engineering
Cricket legend Sachin Tendulkar has made an undisclosed strategic investment and picked up a small stake in AZAD Engineering, provider of engineering and technology solutions for global OEMs in the Clean Energy...
Megha Engineering acquires KPSI transmission project from RECPDCL
REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of state-owned REC Limited, has transferred the KPS1 Transmission Ltd project-specific Special Purpose Vehicle (SPV) to Megha Engineering &...
Merger of IT Business and Demerger of Automotive Engineering Business: The Saga of KPIT & Birlasoft
Before 2018, KPIT Technologies Limited had deep expertise in auto engineering and mobility solutions as well as a strong presence in business information technology. The equity shares of KPIT Technologies Limited were...
Apax Partners set to buy up to 40% stake in engineering firm Quest Global
PE Group Apax Partners is all set to acquire a significant minority stake in Quest Global Services, a leading engineering outsourcing firm, after outbidding the only other firm contender The Carlyle Group, said multiple...
Triveni Engineering promoter to sell 7% stake
The promoter of Triveni Engineering Industries Ltd Dhruv Sawhney will pare his stake in the company through a secondary placement. This will comprise 17 million shares or a 7.03% stake in the company at ₹280-285 apiece...
Wipro Infrastructure Engineering to acquire Linecraft.ai, a Pune based AI-enabled firm
The industrial automation business of Wipro Infrastructure Engineering said it has signed definite agreement to acquire Linecraft.ai, a Pune based AI-enabled industry 4.0 company. Linecraft.ai harnesses the power of...
NCLT admits insolvency plea against infrastructure firm Valecha Engineering
A bankruptcy court in Mumbai has admitted listed infrastructure firm Valecha Engineering under the Corporate Insolvency Resolution Process (CIRP) and has appointed Anurag Kumar Sinha as the interim resolution...
KKR acquires Ness Digital Engineering for over $500 million
U.S. private equity firm KKR & Co. said on Thursday it signed a definitive agreement to buy 100 percent stake in Ness Digital Engineering, a digital services transformation company, from The Rohatyn Group. Although...
SEBI ORDER UNDER SECTION 11 OF SEBI ACT 1992 IN THE CASE OF INDEPENDENT DIRECTOR AND OTHERS FOR INSIDER TRADING IN CASE OF SUPRAJIT ENGINEERING LTD
Present proceedings have emanated from show cause notice dated July 06, 2020 (hereinafter referred to as “The SCN“) issued by the Securities and Exchange Board of India (hereinafter referred to as...