Blackstone Group Lp has acquired Chennai-based auto parts maker Comstar Automotive Technologies Pvt. Ltd for about Rs1,000 crore, according to two people aware of the development. Blackstone has acquired almost 100% of...
Why is Tata Sons selling stake in the goose that lays golden eggs?
So far this fiscal year, Tata Sons Ltd has received dividends worth Rs6,853 crore from Tata Consultancy Services Ltd (TCS). Besides, it tendered shares worth Rs10,278 crore in the IT services company’s buyback last June...
Bharat Dynamics files for IPO that may see govt raise Rs600 crore
Public sector unit Bharat Dynamics Ltd on Monday filed the red herring prospectus for its initial public offering (IPO), which the company plans to launch in the coming weeks, said two people aware of the development...
Firms line up IPOs worth Rs12,000 crore in March
After a dull start to the year, activity in the initial public offering (IPO) market in India is expected to pick up pace with companies expected to raise more than Rs12,000 crore in the month of March. The first two...
N. Chandrasekaran reiterates need for Tata group to consolidate
Tata Sons Ltd chairman N. Chandrasekaran reiterated the need for the $100.3 billion group to consolidate as he focuses on returns and capital allocation. In an interview to the conglomerate’s in-house magazine, he also...
Tata chairman N. Chandrasekaran says interested in bidding for Air India: Report
India’s Tata conglomerate is interested in bidding for state-owned Air India as the group needs to increase the sizes of its aviation business, its boss told a television channel in an interview on Monday. Tata...
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...
CX Partners in talks to acquire majority stake in Comstar for up to Rs450 crore
Private equity firm CX Partners is in advanced talks to acquire a majority stake in Chennai-based auto component maker Comstar Automotive Technologies Pvt. Ltd for about Rs400-450 crore, two people with direct knowledge...
JLR to invest in Israel car startup Maniv Mobility
Tata Motors Ltd.’s Jaguar Land Rover is putting money into an Israeli venture capital fund exclusively targeting mobility startups, the latest in a parade of automakers shopping in the country for new technology to ward...
Tata group said to have sought details of Air India disinvestment
The Tata group has informally sought details on the planned privatisation of Air India, a government official said, reflecting the group’s interest in the airline it founded in 1932. “They have asked us how do you want...
KKR starts bankruptcy proceedings against Amtek Auto’s overseas assets
Global private equity giant KKR has launched bankruptcy proceedings against the international subsidiary of Amtek Auto Ltd, which is itself in India’s bankruptcy court, two people aware of the development said...
Tata’s JLR invests in Uber rival Lyft for driverless cars
Tata Motors-owned British luxury automobile maker Jaguar Land Rover (JLR) has invested $25 million (mn) in Lyft, a US ride-hailing company. The idea is a partnership to include the development and testing of autonomous...