Aequs Limited, a vertically integrated precision manufacturing company focused on the aerospace sector, saw its INR 9.22 billion initial public offering close with an overall subscription of 101.63 times. The offer drew bids for 4.27 billion shares against 420.27 million shares on offer, reflecting strong demand across investor categories. The IPO, which was open for […]
Bondada Engineering Limited has incorporated a new subsidiary, Bondada Dynamics Private Limited, to expand into the defence technology sector. The subsidiary was registered with the Registrar of Companies, Hyderabad, Telangana, on 18 August 2025. Bondada Engineering holds 70 percent of its share capital. Bondada Dynamics has an authorised capital of INR 60 million divided into […]
Rane Holdings Limited, an auto component manufacturer, has invested INR 500 million in its wholly owned subsidiary, Rane Steering Systems Private Limited (RSSL), through a rights issue of equity shares completed on 19 August 2025. RSSL issued 2 million equity shares of INR 10 each at an issue price of INR 250 per share, which […]
Kennametal India Limited (KIL), a manufacturer of high-performance cutting tools and engineered components, reported sales of INR 3,234 million for the quarter ended 30 June 2025, a 6.9 percent increase from INR 3,024 million in the same period last year. Profit Before Tax (PBT) rose 3.2 percent to INR 413 million, compared with INR 400 million […]
Ultraviolette, a Bengaluru-based electric vehicle manufacturer, has secured an investment from TDK Ventures, the corporate venture capital arm of Japan’s TDK Corporation. This funding is part of Ultraviolette’s latest financing round and aims to accelerate the development and production of its electric motorcycles and scooters. Ultraviolette’s current product lineup includes mid-premium motorcycles and scooters, with […]
HHV Advanced Technologies Pvt. Ltd. (HHVAT), a Bengaluru-based thin film technology company, has invested in Hyderabad deep-tech startup EON Space Labs as part of a USD 1.2 million pre-Series A funding round, which also includes MGF Kavachh. The investment establishes HHVAT as a strategic long-term partner of EON Space Labs. The funding will be used to […]
Bosch Limited reported total revenue from operations of INR 47.89 billion for the first quarter of FY 2025–26, up 10.9 percent from the same period last year. The company attributed the increase to higher demand in the off-highway and passenger car segments. Profit Before Tax (excluding exceptional items) was INR 8.38 billion, representing 17.5 percent […]
Tata AutoComp Systems Ltd has formed a 50:50 joint venture with Japan’s Ichikoh Industries Ltd to acquire the Valeo Lighting Systems (VLS) business from Valeo India Pvt Ltd. Ichikoh is approximately 61.2 percent owned by Valeo, and the acquisition remains subject to definitive agreements and regulatory approvals. The JV is aimed at serving India’s booming […]
Exide Industries Limited, a manufacturer of storage batteries, has invested INR 1 billion in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), through a rights issue. With this infusion, Exide’s total investment in EESL now stands at INR 37.02 billion. The transaction does not affect Exide’s 100 percent ownership of the subsidiary. EESL, incorporated in […]
SKF India, a manufacturer of bearings, plans to expand manufacturing capacity across both its automotive and industrial segments by 2030. These expansion plans involve the company’s plants in Haridwar, Bangalore and Pune. The Haridwar plant is set for a 50 percent capacity increase, supported by an investment of INR 1,000–1,500 million, targeted for completion by […]