ENGINEERING

Tata AutoComp to acquire Swedish engine cooling solutions supplier TitanX

August 16, 2016 | PTI

Tata Group auto component firm Tata AutoComp Systems today said it will acquire engine cooling supplier TitanX for an undisclosed sum.

Thermax to invest $900K more in alternative energy firm First Energy

August 11, 2016 | PTI

Thermax today said it plans to make an additional investment of up to Rs 6 crore in First Energy Pvt Ltd (FE), alternative energy solutions company.

Escorts sells auto parts business to Badve Engineering

August 11, 2016 | PTI

Farm equipment maker Escorts today announced divestment of its OEM and export business of auto product division to Pune's Badve Engineering.

The company however did not disclose the deal size.

Minda Industries to buy Roki Japan's 49% stake in JV for $6.5 mn

August 11, 2016 | PTI

Auto components maker Minda Industries will acquire 49 per cent stake of Roki Japan for Rs 42.97 crore in a joint venture that its parent group UNO Minda has with the Japanese firm.

Nalanda Capital in another not-so-great exit from India portfolio

August 09, 2016 | TEAM VCC

Nalanda Capital, an India-focused private equity style investor in public equities, has pulled the plug on one of its single-biggest investment bets in the country.

Sumitomo to invest $84 mn in Indian auto component JV Motherson Sumi

August 04, 2016 | TEAM VCC

Japan's Sumitomo Wiring Systems Ltd will invest as much as Rs 562.5 crore ($84 million) in its Indian auto components joint venture Motherson Sumi Systems Ltd, either through a preferential allotment of equity shares or through foreign currency convertible bonds (FCCB).

Hero Group’s electronics arm acquires Indian unit of TES DST

July 28, 2016 | Debjyoti Roy

Hero Electronix Pvt. Ltd, the electronics and technology arm of the Hero Group, has acquired the Indian operations of TES DST Holding Europe, a German electronics design services company.

Lenders to take over Diamond Power, look for investor

July 22, 2016 | Bruhadeeswaran R

Diamond Power Infrastructure Ltd said on Friday its board has approved a debt recast plan that will give its creditors a stake of at least 51% in the company.

L&T Technology Services files for IPO

July 15, 2016 | Ranjani Raghavan

Larsen & Toubro Ltd said on Friday its engineering research and development unit has filed a draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering.

Actis eyes exit as Endurance Technologies files for IPO

July 09, 2016 | TEAM VCC

Aurangabad-based auto components maker Endurance Technologies Ltd is looking to be second-time lucky to go public.

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