TAFE pays Rs 40 cr for `Eicher’ brand name Tractors and Farm Equipment Ltd (TAFE) paid the Eicher group Rs 39.60 crore for the use of the `Eicher’ brand name. The amount was part of the consideration of Rs...
Vectra Group forms joint venture with Kamaz
The joint venture between the Vectra Group and the Russian truck maker Kamaz Inc expects to get a 10 per cent share of the heavy duty truck market in India and plans to export at least 20 per cent of its production to...
Amtek Auto may sell Tekfor for Rs 6,000 crore
Debt-ridden Amtek Auto might end up selling Tekfor, the German forging company it acquired in 2013, for Rs 6,000 crore. The Delhi-based automobile component maker is looking to receive bids from about a dozen bidders...
M&A Happenings: October 2015
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals November 2015 September 2015 Agriculture – – Financial Services 1 2 Investments – – Information Technology 2 1...
POST DEAL ANALYSIS OF ASTRAL POLY TECHNIK LIMITED
Astral Poly Technik Limited manufacture and market the advanced CPVC plumbing system. During last FY 14-15, the company acquired 80% stake of Seal IT services Ltd (UK) & 76% of Resinova Chemie Limited (India)...
ANAND MAHINDRA: THE FEDERATOR
“We decided that we weren’t going to be in any business that wasn’t global. You’re not safe if you’re only at home. You can’t compete in a small pool anymore” Born on 1st May 1955, in...
Amtek Acquires Germany’s Kuepper Group
In a bid to increase its global footprints abroad, automotive component supplier Amtek Auto Ltd, backed by investors like Warburg Pincus and Chrys Capital, had signed an agreement to acquire substantial...
Tech Mahindra Successfully Merges Satyam With Itself
Tech Mahindra completed Satyam’s merger with itself. The merged entity will be called Tech Mahindra and Mr. Anand Mahindra will be its Chairman. Tech Mahindra Managing Director, C. P. Gurnani announced that the swap...
CIE Automotive And Mahindra Group Tie Up
Mahindra Group has entered into a global alliance with Spain’s CIE Automotive S.A. The agreement will come under Systech Sector, which happens to be the Mahindra group automotive component, and CIE Automotive (also...
Escorts – Excel Through Re-Engineering
While the agriculture sector may not be a major contributor to India’s GDP, India still ranks second worldwide in farm output. HP Nanda knew that the country which runs on agriculture can make his fortune by...
Amtek Grows From Strength To Strength
ALLIANCE INTEGRATED METALIKS LIMITED: The company started as a financing company in the name of “BS Holding and Credit Private limited” in the year 1989 based in New Delhi. In the year 1996 it was converted into a...
IS VALUATION ONLY ABOUT NUMBERS?
INTRODUCTION Yes, we are all aware of the famous phrase “valuation is an art and not science” but how sincerely do we follow it. When it comes to valuation the entire focus immediately shifts to our most loveable friend...