Mahindra & Mahindra Limited has announced the incorporation of Target Hybren Private Limited, a wholly-owned subsidiary of Mahindra Susten Private Limited (MSPL). This new subsidiary was registered on December 6, 2024, in Mumbai, Maharashtra. MSPL is itself a subsidiary of Mahindra Holdings Limited, which is fully owned by Mahindra & Mahindra. The authorized and paid-up […]
Hinduja Tech, a mobility-focused engineering and R&D subsidiary of Ashok Leyland, has acquired TECOSIM Group, a European company specializing in virtual validation and body engineering. The acquisition is part of Hinduja Tech’s strategy to enhance its service offerings and strengthen its presence in the European market. TECOSIM employs over 650 professionals across the UK, Germany, […]
Godawari Power & Ispat Limited (GPIL) has announced its entry into the non-ferrous metals recycling business by acquiring a 51% stake in Jammu Pigments Limited (JPL). The transaction values JPL at approximately ₹500 crore and involves an infusion of ₹175 crore by GPIL for debt repayment and growth capital. Additionally, GPIL will purchase ₹79.52 crore […]
Tata Power Company Limited has finalized the acquisition of ERES-XXXIX Power Transmission Limited, a special purpose vehicle (SPV), for ₹18.56 crore in cash. The transaction, announced on November 15, 2024, marks the acquisition of 100% equity in the SPV. ERES-XXXIX was incorporated on March 27, 2024, to develop a power transmission project on a Build-Own-Operate-Transfer […]
Godrej Industries’ Chemicals Business announced its acquisition of the Food Ester and Emulsifier Business from Goa-based Savannah Surfactants Ltd. The acquisition aligns with Godrej’s strategy to broaden its product offerings in the food and beverage sector. The unit acquired from Savannah Surfactants has an annual production capacity of 5,200 metric tons. This addition will enhance […]
Raghu Vamsi, a manufacturing company based in Hyderabad, announced the acquisition of PMC, a precision machining and engineering services provider. The deal aims to expand Raghu Vamsi’s operational capabilities in high-precision manufacturing for aerospace and defense sectors. The acquisition aligns with the company’s strategic growth plan in advanced manufacturing technologies and its commitment to serve […]
Thermax Ltd. has acquired Buildtech Products India Pvt Ltd. in a deal valued at approximately ₹72 crore, enhancing its position in the construction chemicals market. The acquisition involves a 100% stake in Buildtech, a company established in 1995 and engaged in manufacturing admixtures, accelerators, and materials essential for large-scale infrastructure projects, including tunnels and railway […]
Bharat Forge Limited (BFL) has reached a definitive agreement to acquire the commercial vehicle axle business of American Axle & Manufacturing Holdings, Inc. (AAM) in India for $65 million. The sale includes AAM India Manufacturing Corporation Pvt. Ltd. (AAMIMCPL) and is subject to customary closing conditions, including regulatory approvals. The transaction is expected to close […]
Ambuja Cements, a subsidiary of the Adani Group, has announced a binding agreement to acquire a 46.8% stake in Orient Cement Ltd (OCL) for an equity value of INR 8,100 crore. The acquisition will be fully funded through internal accruals, and the deal aims to accelerate Ambuja’s expansion plans to achieve a cement production capacity […]
Bharat Forge Limited has announced a definitive agreement to acquire AAM India Manufacturing Corporation Private Limited (AAMIMCPL), a subsidiary of American Axle & Manufacturing Holdings, Inc. (AAM), for an enterprise value of Rs. 5,445.30 million, pending customary closing adjustments and regulatory approvals. Established in 2008, AAMIMCPL manufactures axles for light, medium, and heavy-duty commercial trucks […]