L&T Finance Ltd on Monday divested its remaining 8.4% stake in CG Power & Industrial Solutions Ltd for ₹73 crore, through open market transactions. The bulk deal data available with the stock exchanges, L&T...
KKR, L&T Finance sell part of their stakes in CG Power
Private equity giant KKR and L&T Finance Ltd on Friday pared their stakes in CG Power and Industrial Solutions for a total of over ₹63 crore through open-market transactions. As per the bulk deal data available on...
Banks eye better CG Power offer
Lenders to CG Power and Industrial Solutions Ltd on Wednesday asked interested entities to better an offer made by Tube Investments of India Ltd for a majority stake in the stressed power equipment maker, in an attempt...
IndusInd Bank acquires 7.82% stake in Eveready by invoking pledged shares
Private sector IndusInd Bank on Saturday said it has acquired 7.82 per cent stake in battery maker Eveready Industries by invoking pledged shares following loan default. The bank invoked pledge on 56,83,320 shares...
Murugappa Group led Tube Investments to acquire 56% stake in CG Power for ₹700 crore
Murugappa Group led Tube Investments of India Limited has agreed to invest ₹700 crore in fraud-hit CG Power and Industrial Solutions Limited for 56% stake, according to a regulatory filing. In a statement to BSE, CG...
Prysmian to buy EHC Global to bolster elevator business
Prysmian has agreed to buy Canadian components manufacturer EHC Global in a C$130 million ($97 million) deal to strengthen its position in cables and devices for elevators, the Italian company said on Wednesday. The...
Zetwerk raises $21 million funding led by Greenoaks Capital
Business-to-business (B2B) manufacturing platform Zetwerk has raised $21 million ( ₹160 crore) as part of its Series C round, led by existing investor US-based Greenoaks Capital. Existing investors including Accel, Kae...
Pidilite acquires majority stake in Tenax India Stone Products
Pidilite Industries, the maker of Fevicol, entered into an agreement with Italy’s Tenax SPA for acquiring a 70% stake in Tenax India Stone Products for cash consideration of about Rs 80 crore. The Italian company...
CCI approves acquisition of WABCO Holdings by ZF Friedrichshafen AG
ZF is a global technology company that develops, manufactures and distributes products and systems for passenger vehicles, commercial vehicles and industrial technology among others, CCI said in a press release. Fair...
Toshiba Machine opposes takeover bid by activist investor Murakami
Japan’s Toshiba Machine said on Wednesday it would officially oppose a takeover offer by activist investor Yoshiaki Murakami and hold a shareholders meeting on March 27 to seek approval for the adoption of defense...
Czech group Omnipol in talks over Aero Vodochody sale: report
Czech defense technology group Omnipol is in talks to buy aircraft manufacturer Aero Vodochody from investment group Penta, Omnipol’s biggest shareholder told the daily Hospodarske Noviny. “We have an agreement with...
Atlas Copco in $1.19 billion bid for German company Isra Vision
Atlas Copco on Monday made a takeover bid in cash for German vision technology group Isra Vision, valuing the company at 1.09 billion euros ($1.19 billion), including debt, expanding the Swedish company’s business in...
