HPL Electric cuts IPO size

September 14, 2016 | TEAM VCC

HPL Electric & Power Ltd has pruned the size of its initial public offering by a fifth.

How much returns did Kedaara Capital generate in Bill Forge part-exit?

September 13, 2016 | Bruhadeeswaran R

Private equity firm Kedaara Capital has logged its second exit activity from its fairly young portfolio as it is selling part of its holding in automotive components maker Bill Forge Pvt. Ltd to Mahindra CIE Automotive Ltd.

L&T Technology IPO gets off to a slow start

September 12, 2016 | TEAM VCC

The initial public offering (IPO) of L&T Technology Services Ltd got off to a slow start with just under a fifth of the issue covered at the end of day 1, stock exchange data shows.

Mahindra CIE Automotive to acquire Kedaara-backed Bill Forge

September 12, 2016 | Bruhadeeswaran R

Automotive components supplier Mahindra CIE Automotive Ltd (MCAL) has inked a deal to buy Bengaluru-based Bill Forge Pvt. Ltd, which manufactures forged and machined components for automotive firms, for Rs 1,331 crore (around $200 million).

Motherson Sumi to acquire Hungarian firm’s automotive biz for $11.7 mn

September 07, 2016 | TEAM VCC

Motherson Sumi Systems Ltd, India’s biggest auto component maker, said on Wednesday it has agreed to acquire the automotive business unit of Hungary’s Abraham and Co. Ltd for €10.4 million ($11.7 million, or Rs 77.6 crore)

Ashok Leyland to buy out Nissan from three joint ventures

September 07, 2016 | PTI

Marking an end to their 8-year-old partnership, Ashok Leyland and Nissan Motor Co today agreed to part ways with the Japanese partner agreeing to sell its stake in three joint ventures to the Indian partner.

Advent and Temasek’s open offer for Crompton Greaves Consumer fails

September 02, 2016 | TEAM VCC

Private equity firm Advent International Corp and Singapore state investment firm Temasek Holdings failed to buy any significant number of shares in the open offer for Crompton Greaves Consumer Electrical Ltd (CGCEL).

L&T Technology eyes $1.3 bn valuation in IPO

September 02, 2016 | TEAM VCC

Larsen & Toubro Ltd (L&T), India's biggest engineering firm, is seeking a valuation of as much as Rs 8,745 crore ($1.3 billion) for unit L&T Technology Services Ltd through an initial public offering later this month.

Maini Precision gets private equity funding from Paragon Partners; skips IPO

August 24, 2016 | Ranjani Raghavan

Private equity firm Paragon Partners and unnamed co-investors have invested Rs 111 crore ($16.5 million) in Bangalore-based manufacturer and supplier of high-precision engineering components Maini Precision Products Pvt Ltd, it said on Wednesday.

Senvion acquires Kalyani Group's wind turbine unit Kenersys

August 17, 2016 | Bruhadeeswaran R

German wind turbine maker Senvion SA has agreed to acquire the assets and services business of Kenersys India Pvt. Ltd, part of Kalyani Group, as the company previously owned by Suzlon Energy Ltd looks to expand in the country.



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