State-run NHPC Ltd plans to take its clean energy subsidiary NHPC Renewable Energy Ltd (NREL) public or sell its stake to strategic investors through private placements in two-three years, Rajendra Prasad Goyal...
Blackstone, TPG vie for U.S. fund administrator Standish
Buyout houses including Blackstone Inc. and TPG Inc. are evaluating competing bids for a U.S. fund administrator, in a deal that may value the company at as much as $1.7 billion, two people familiar with the matter told...
NCLT junks insolvency plea against Simplex, cites co’s stuck receivables
In a setback to banks, the Kolkata bench of the National Company Law Tribunal (NCLT) has dismissed a petition by the Central Bank of India to start insolvency proceedings against Simplex Infrastructures, noting that the...
Tube Investments arm buys e-tractor startup Cellestial E-Mobility
As part of its expansion into the e-mobility space, Murugappa group company Tube Investments of India (TII) has acquired the entire shareholding of Cellestial E-Mobility Pvt Ltd, a Hyderabad-based startup engaged in the...
U.S. Senator Warren urges FTC to stop L3Harris deal to buy Aerojet
U.S. Senator Elizabeth Warren, who has expressed concern about a broad range of corporate consolidation, wrote to the U.S. Federal Trade Commission to urge it to oppose U.S. defense contractor L3Harris...
TAFE acquires interior systems biz of French automotive supplier
Tractors and farm equipment manufacturer TAFE Ltd has acquired FAURECIA, an interior business group of the French global automotive supplier FORVIA, the company said on Friday. The deal covers operations of FAURECIA in...
Defense firm L3Harris to buy Aerojet for $4.7 bln with eye on missile demand
U.S. defense contractor L3Harris Technologies Inc said it would buy Aerojet Rocketdyne Holdings Inc in a $4.7 billion all-cash transaction, as it looks to tap into rising demand for missiles amid the Ukraine conflict...
NCLT admits SBI’s insolvency plea against Gayatri Projects
The Hyderabad bench of the National Company Law Tribunal (NCLT) has admitted a petition by the State Bank of India (SBI) to start bankruptcy proceedings against Gayatri Projects as lenders increase pressure on the debt...
M&M to acquire Swaraj Engines’ 17.41% stake from Kirloskar Industries
Mahindra & Mahindra(M&M) Ltd on Tuesday said it will acquire an additional 17.41 per cent stake in Swaraj Engines Ltd from Kirloskar Industries Ltd (KIL) for Rs 296 crore. The acquisition will result in...
Govt extends deadline for FSNL strategic sale
The department of investment and public asset management (DIPAM) has extended the last date for submission of bids for strategic disinvestment of Ferro Scrap Nigam Ltd., a 100% subsidiary of MSTC Ltd., under the...
Lockheed scraps $4.4 bln deal to buy Aerojet amid regulatory roadblocks
U.S. arms maker Lockheed Martin Corp called off plans on Sunday to acquire rocket engine maker Aerojet Rocketdyne Holdings Inc for $4.4 billion amid opposition from U.S. antitrust enforcers. The Federal Trade...
Tube Investments to acquire 70% stake in Cellestial E-Mobility
Muruguppa group firm Tube Investments of India Ltd (TII) on Monday said it will acquire 70 per cent stake in startup Cellestial E-Mobility Pvt Ltd for Rs 161 crore. Cellestial E-Mobility is engaged in the design and...