Industrial conglomerate Emerson Electric is in advanced talks to acquire National Instruments Corp in a deal that could value the measurement equipment maker at about $8 billion, people familiar with the matter said on...
Kulkarni family sells 18% stake in Kirloskar Oil for Rs 825 crore via open market
The entities belonging to the late Gautam Kulkarni family and a part of the promoter group of Kirloskar Oil Engines Ltd have offloaded nearly 18% stake in the company for Rs 825 crore through block deals on Wednesday...
Shriram Pistons to invest ₹222 crore in Takahata Precision India
SPR Engenious, a wholly-owned subsidiary Shriram Pistons & Rings, will acquire 75% stake in Takahata Precision India Pvt Ltd. (TPIL) at an enterprise value ₹222 crore, the company said on Thursday. The enterprise...
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...
Tata Group in talks to buy iPhone maker Wistron’s India facility: Report
Tata Group is in discussions with Taipei’s Wistron Corp, one of Apple Inc’s top vendors in India, to buy its manufacturing facility in Karnataka for up to ₹5,000 crore ($612.6 million), suggested a report by...
HyperloopTT to go public via SPAC led by former Disney execs
High-speed transportation systems maker Hyperloop Transportation Technologies (HyperloopTT) said on Tuesday it would list its shares in the United States through a deal with a blank-check firm at a pre-money valuation...
Regal Rexnord to buy rival Altra in $5 bln deal in bets on automation demand
U.S. manufacturer Regal Rexnord Corp will buy rival Altra Industrial Motion Corp in a $5 billion deal including debt, it said on Thursday, bolstering its automation business amid red-hot demand due to a worker shortage...
Sojitz Corp sells 2.83% stake in Samvardhana Motherson for Rs 825 crore
Sojitz Corporation on Tuesday divested 2.83 per cent stake in auto component major Samvardhana Motherson International for Rs 825 crore through an open market transaction. According to the bulk deal data available with...
Veritas Capital to buy Carlyle’s Chromalloy for $1.6 bln – sources
Private equity firm Veritas Capital Fund Management LLC has agreed to buy aircraft parts manufacturer Chromalloy Gas Turbine LLC from Carlyle Group Inc for more than $1.6 billion, including debt, according to people...
RBL Bank offloads over 12% stake in Kilburn Engg since May for Rs 17 cr
RBL Bank said it has offloaded over 12 per cent stake in Kilburn Engineering since May for a total consideration of over Rs 17 crore. The private sector lender had acquired 67,50,000 equity shares of Kilburn Engineering...
Zetwerk acquires 3 firms for ₹100 cr to strengthen industrial business
Global manufacturing network, Zetwerk has acquired three companies to strengthen its industrial vertical business in the segment of oil and gas, aerospace, defence, and infrastructure components. The transaction is...
Siemens Board Okays Large Drives Applications Biz Sale To Siemens Ag Arm
Siemens Ltd.’s Board has approved the sale of large drives applications business to a subsidiary of Siemens AG for ₹440 crore. “Following a valuation done by an external independent valuer, the LDA business was...
