As it is looking at rapidly expanding into the Indian market, smartphone manufacturer OnePlus has partnered with contract manufacturer Foxconn to build its devices locally. The Chinese company is experimenting with its...
Chinese EV maker Aiways to go public in US via deal with Hudson Acquisition SPAC
Chinese electric vehicle maker Aiways will go public via a merger with U.S. special purpose acquisition company Hudson Acquisition Corp in a deal that should value the company around $400 million, the two companies said...
Novo Nordisk owner buys majority stake in Austrian life science tools company
Novo Holdings, the controlling shareholder of Danish obesity drugmaker Novo Nordisk, said on Wednesday it would buy a controlling stake of about 60% in Single Use Support, an Austria-based life science tools company. It...
Aditya Birla Fashion & Retails Scheme to undo its consolidation
Corporate Restructuring saga continues for the Aditya Birla Group. Recently, the board of directors of Aditya Birla Fashion and Retail Limited announced a vertical split by separating Madura Fashion and Lifestyle...
Siemens to demerge and list its energy business
Siemens Ltd on Tuesday said it will demerge and list its energy business, on the lines of a global carve-out by its German parent three years ago. The new company will mirror the shareholding of Siemens Ltd, and...
General Atlantic, TPG Capital, two other PEs in race for Altimetrik
Global private equity funds General Atlantic, TPG Capital, Warburg Pincus and Ontario Teachers’ Pension Plan are in contention for acquiring a majority stake in Altimetrik at a valuation of about $1.5 billion (Rs...
Coromandel to acquire additional 7 pc stake in Dhaksha, invest Rs 150 crore
Coromandel International Ltd on Monday announced the acquisition of an additional 7 per cent stake in Chennai-based drone manufacturing firm Dhaksha Unmanned Systems with an investment of Rs 150 crore. The proceeds from...
TVS Motors issuances of convertible preference shares as bonus instead of dividend
Recently, well known auto manufacturer announced the issuance of preference shares as a bonus to all equity shareholders. In the past, many listed companies have issued preference shares as a bonus. In this article, we...
Bankruptcy court admits insolvency plea against listed firm India Steel Works
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted listed firm India Steel Works Ltd under the insolvency resolution process in an application filed by its operational creditor Stecol...
Vedanta acquires Japan’s AvanStrate, buys additional stake for $78 million
Billionaire Anil Agarwal-led Vedanta Ltd on Friday said it has acquired an additional 46.57% stake in Japanese display major AvanStrate Inc for $78.3 million through its wholly owned subsidiary, Cairn India Holdings Ltd...
Wipro Infra Engineering’s hydraulics business acquires Canadian firm
Wipro Hydraulics, the hydraulic cylinders and components manufacturing business of Wipro Infrastructure Engineering (WIN), on Thursday said it signed a definitive agreement to acquire Canada-based Mailhot Industries...
Reliance acquires step-down subsidiary for Rs 314 cr
Reliance Industries Ltd on Wednesday said it has acquired a step-down subsidiary engaged in the manufacture of petrochemicals and hydrogen, for Rs 314.48 crore. In a stock exchange filing, the firm said Reliance...