ENGINEERING

Crompton Greaves to sell B2B automation biz to Saudi Arabia’s Alfanar

November 07, 2016 | TEAM VCC

Electrical equipment maker Crompton Greaves Ltd said on Monday it will sell its business-to-business automation business to Saudi Arabia’s Alfanar for an enterprise value of 120 million euros ($133 million, or about Rs 886 crore).

Hero MotoCorp buying up to 30% stake in Tiger Global-backed Ather Energy

October 27, 2016 | Disha Sharma

Hero MotoCorp Ltd, the country’s largest two-wheeler maker, is making its biggest bet in the electric-vehicle segment after deciding to invest Rs 205 crore ($30.5 million) in Ather Energy Pvt. Ltd.

Endurance Tech extends gains to 37% in stellar stock market debut

October 19, 2016 | TEAM VCC

Auto-components maker Endurance Technologies Ltd made a dream debut on the stock exchanges on Wednesday with its shares listing at a premium of 21% to its issue price and then extending the gains to end 37% higher.

Orient Paper to demerge consumer electric business

October 17, 2016 | Joseph Rai

Orient Paper & Industries Ltd said on Monday it has decided to demerge its consumer electric business to accelerate growth and tap into varied sources of funds for expansion.

Argand Partners acquires Goldman Sachs-controlled Sigma Electric

October 14, 2016 | Ranjani Raghavan

New York private equity firm Argand Partners that focuses on investments in industrial manufacturers and service providers, has acquired Sigma Electric Manufacturing Co. for an undisclosed sum, it said on Thursday.

Suzuki and Toyota explore technology alliance

October 13, 2016 | PTI

Japanese auto majors Toyota Motor Corp (TMC) and Suzuki Motor Corp (SMC) today announced plans to explore business partnership to strengthen collaboration in fields of environment, safety, and information technology.

Exclusive: Syska LED hires banker for PE funding

October 10, 2016 | Ranjani Raghavan

Pune lighting firm Syska Led Lights Pvt Ltd has revived its proposed private equity funding plan and has hired a foreign bank to initiate the process, two people familiar with the transaction told VCCircle.

Auto components maker Endurance’s IPO oversubscribed almost 43 times

October 07, 2016 | TEAM VCC

Auto components maker Endurance Technologies Ltd that recorded a slow start to its initial public offering (IPO) but was almost covered mid-way in its three-day issue period, ended with 43.7 times bids or was oversubscribed almost 43 times.

Exclusive: SIDBI VC backs Detection Instruments India with Series A funding

October 07, 2016 | Debjyoti Roy

SIDBI Venture Capital Ltd, a wholly-owned subsidiary of Small Industries Development Bank of India (SIDBI), has invested in Mumbai-based safety solutions provider, Detection Instruments India Pvt. Ltd, a person privy to the development told VCCircle.

Endurance IPO covered 91% on day 2

October 06, 2016 | TEAM VCC

Auto components maker Endurance Technologies Ltd that recorded a slow start to its initial public offering (IPO) saw institutional investors join in drove with the issue covering 91% of the distance at the end of day 2.

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