Uno Minda Limited, a supplier automotive components and systems, has completed the acquisition of the e‑Drives business assets in Vietnam from Friwo Vietnam Company Limited. The transaction was executed via its wholly owned step‑down subsidiary, Minda Industries Vietnam Company Limited, and finalized on 22 July 2025. This deal marks part of Uno Minda’s broader international expansion […]
Zoho Corporation has acquired robotics startup Asimov Robotics as part of its strategy to expand research and development (R&D) in emerging technologies. Founded in 2012 and based in Kerala, Asimov Robotics develops robotic systems for industrial applications. Following the acquisition, the Asimov team will continue operations from Zoho’s Kottarakkara office, working under the company’s internal […]
Inox Neo Energies, a subsidiary of Inox Clean Energy Ltd and part of the INOXGFL Group, has completed the acquisition of Skypower Solar India Pvt Ltd for an enterprise value of approximately INR 2.65 billion. The acquired solar power asset has a capacity of 50 MW (AC) / 57.5 MW (DC) and is located in […]
Bharat Forge, an industrial engineering company, has approved the transfer of specific defence business assets to its wholly owned subsidiary, Kalyani Strategic Systems Limited (KSSL), as part of an internal restructuring process. KSSL, incorporated on December 20, 2010, is engaged in the development and deployment of defence products and components. The company reported revenue from […]
Samvardhana Motherson International Limited, an an automotive component manufacturer, has increased its equity stake in CIM Tools Private Limited from 55 percent to 68.14 percent following the conversion of compulsory convertible debentures (CCDs) worth INR 1.75 billion into equity shares. The conversion was approved by the Board of Directors of CIM Tools on June 30, 2025. […]
Mazagon Dock Shipbuilders Limited (MDL) has announced plans to acquire a majority controlling stake in Colombo Dockyard PLC (CDPLC) for USD 52.96 million (approx. INR 4.52 billion). This would be MDL’s first international investment, expected to complete within four to six months, subject to customary closing conditions and regulatory approvals. The acquisition combines a primary […]
JSW Paints has signed indicative agreements to acquire up to a 74.76 percent stake in Akzo Nobel India Limited (ANIL) from Akzo Nobel N.V. and its affiliates. The potential transaction is valued at up to INR 89.86 billion, subject to closing adjustments. An additional contingent consideration of up to INR 447 crore may also be […]
Uravi Defence & Technology Limited, a producer of automotive lamps, has unveiled plans to acquire 100 percent equity in UK‑based Spafax International Ltd via its wholly owned subsidiary, Bharat Technology Ltd. The phased acquisition will kick off with a majority stake in 2026, followed by subsequent tranches. Spafax, originally founded in 1938 but incorporated as […]
Zen Technologies Limited, a producer of defence training systems and anti-drone solutions, has announced the acquisition of a majority stake in TISA Aerospace Private Limited, a company engaged in the development of loitering munitions and unmanned aerial vehicles (UAVs). Zen Technologies, which manufactures defence training systems and anti-drone solutions, will carry out the acquisition through a […]
Wipro Infrastructure Engineering (WIN), a diversified manufacturing company, has entered into exclusive negotiations to acquire a majority stake in France-based Lauak Group. The transaction is expected to strengthen Wipro’s aerospace operations in Europe. The deal, announced at the Paris Air Show, is expected to close in the coming months, subject to customary closing conditions. Financial […]
