India’s leading contract maker Dixon Technologies has said it plans to buy a majority stake in Ismartu India, a manufacturing unit of Chinese phone maker Transsion Holdings, to expand its business. Dixon will initially...
Future Enterprises gets bids for manufacturing units, insurance biz
Central Bank of India and Mumbai based M Pallonji & Co are the two bidders for Future Enterprises’ insurance business offering Rs 450 crore and Rs 300 crore respectively, two people familiar with the process said...
NCLT approves Indian Sugar Manufacturing’s acquisition by Sri Dutt Biofuels Pvt Ltd
The bankruptcy court has approved a proposal from a consortium comprising Shri Dutt India Pvt Ltd and Shri Dutt Biofuels Pvt Ltd to acquire Indian Sugar Manufacturing Company Ltd. The consortium has offered to pay Rs...
Tatas complete acquisition of Wistron’s manufacturing facility in Karnataka
The Tata group has completed the acquisition of Taiwan’s Wistron’s manufacturing facility in Karnataka, marking its diversification into assembling Apple iPhones. The salt-to-software conglomerate signed a...
Maruti to acquire Suzuki Motor’s manufacturing facility in Gujarat
Maruti Suzuki said that it will acquire parent Suzuki Motor’s manufacturing facility in Gujarat to ensure better management control over the unit. The local car market leader said this will help it respond faster to...
Strides sells arm’s manufacturing unit to Syngene International for Rs 702 crore
Strides Pharma Science on Monday said it has entered into a binding agreement to sell biologics Unit-3 manufacturing facility of its associate company Stelis Biopharma (SBL) to Syngene International on a slump sale...
Hyundai inks deal to acquire GM India’s Talegaon manufacturing facility
Korean auto major Hyundai Motor said it has signed a term sheet for potential acquisition of General Motors’ manufacturing facility at Talegaon in Maharashtra. “The term sheet covers the proposed acquisition...
Tata Motors acquires Ford India’s manufacturing unit in Gujarat
Tata Motors has completed the acquisition of Ford India’s manufacturing plant at Sanand through its subsidiary, the company informed on Tuesday. Last year, the company informed about the acquisition noting Tata...
Advent to buy into Suven Pharma to create manufacturing powerhouse
Advent International on Monday agreed to acquire 50.1% of Suven Pharmaceuticals Ltd from the Jasti family, promoters of the company, for ₹6,313 crore, as part of the private equity firm’s plan to create a contract drug...
eBikeGo acquires manufacturing, marketing rights for European e-scooter Muvi from Torrot
Electric two-wheeler mobility firm eBikeGo has acquired the manufacturing and marketing rights for European e-scooter Muvi from Spanish automotive company Torrot, a statement said on Tuesday. This vehicle will be...
Adani Total Gas acquires gas meter manufacturing company
Adani Total Gas Ltd – the city gas joint venture of Adani Group and TotalEnergies of France – has acquired 50 per cent stake in a company that manufactures gas meters to aid its gas retailing business. The...
Foxconn to buy semiconductor manufacturing facility
Foxconn Technology Group, the world’s biggest electronics contract manufacturer, said that it would acquire a semiconductor manufacturing facility, taking the company deeper into the chip business at a time of...