Sona BLW Precision Forgings Ltd has revised its business transfer agreement (BTA) with Escorts Kubota, moving up the expected completion date for acquiring the Railway Equipment Division (RED) from September 2025 to May 1, 2025. The company’s board approved the amendments during a meeting on February 10, 2025, according to a regulatory filing. Transaction Terms […]
Texmaco Rail and Engineering has announced plans to reduce its reliance on government orders and expand its business in the private sector and export markets. According to a press release issued by the company, it aims to decrease the share of government orders in its rolling stock segment from the current 80% to 70% by […]
Hitachi Energy India Limited has announced plans to raise up to ₹4,200 crore through equity shares or other securities. The company’s Board of Directors approved the proposal during a meeting on January 18, 2025. The funds may be raised in one or more tranches using methods such as public issues, rights issues, private placements, preferential […]
Samvardhana Motherson International Limited (SMIL) has provided updates on its investment in Prysm Systems Inc. through its indirect wholly-owned subsidiary, MSSL Consolidated Inc. (MSSL Consol). The company announced these developments in a press release dated January 9, 2025. Prysm Systems’ ongoing development of the Gen 3 prototype has faced delays due to additional funding requirements. […]
Kolkata-based engineering and manufacturing company Nipha Group has announced an investment of ₹180 crore over the next two years to expand its operations in India, according to a report by Press Trust of India. The plan includes the establishment of two greenfield projects in West Bengal, a brownfield expansion, and the acquisition of a U.S.-based […]
Greaves Electric Mobility, a division of Greaves Cotton Ltd., has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The company intends to raise up to Rs 1,000 crore through a fresh issue of shares, with existing shareholders planning to sell up […]
Bharat Forge Limited has approved an infusion of €39 million (approximately ₹345.58 crore) into its wholly owned subsidiary, Bharat Forge Global Holding GmbH (BFGH), based in Germany. This decision was made during a meeting of the company’s Investment Committee on December 24, 2024. The funds will be allocated to BFGH as equity capital to support […]
Unimech Aerospace and Manufacturing Limited has announced an initial public offering (IPO) to raise up to ₹5,000 million, with plans to channel the proceeds into critical business objectives. The offering comprises a fresh issue of equity shares worth up to ₹2,500 million and an offer for sale by existing shareholders aggregating up to ₹2,500 million. […]
Amazon has announced a $120 million allocation from its Smbhav Venture Fund to invest in startups focused on digitizing consumer goods manufacturing in India. The initiative is part of a broader effort to expand the fund to $350 million, with a focus on fostering innovation in manufacturing, catering to domestic and global markets. This development […]
Bharat Forge Limited has announced the successful completion of its Qualified Institutional Placement (QIP), raising ₹1,650 crores. The QIP concluded on December 9, 2024, and involved the issuance of shares at ₹1,320 per share, slightly below the regulatory floor price of ₹1,323.54 per share. According to the press release issued by the company, the offering […]
