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CX Partners, others in fray for stake in Sharda Worldwide

Manufacturing

22 October, 2012

CX Partners, others in fray for stake in Sharda Worldwide

Private equity firm CX Partners and some other PE players are in fray to pick up a significant minority stake ......

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Surana Ventures looking to raise $10M from PE investors

Manufacturing

12 October, 2012

Surana Ventures looking to raise $10M from PE investors

Surana Ventures Ltd, the Hyderabad based manufacturer of solar energy systems, is looking to raise close to $10 million (Rs ......

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Our target is to produce 1 lakh tractors by 2013-end: International Tractors chairman LD Mittal

Engineering

08 October, 2012

Our target is to produce 1 lakh tractors by 2013-end: International Tractors chairman LD Mittal

International Tractors Limited, the flagship of the Sonalika group, plans to roll out an aggressive domestic and international expansion plan ......

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Akar Tools in talks to sell its auto spring business

Manufacturing

08 October, 2012

Akar Tools in talks to sell its auto spring business

Aurangabad-based Akar Tools Ltd, a manufacturer and exporter of precision engineered hand tools, is in talks to sell majority in ......

Blackstone to acquire 12.5% in International Tractors for up to $100M

Manufacturing

08 October, 2012

Blackstone to acquire 12.5% in International Tractors for up to $100M

The Blackstone Group today announced that it is picking up a 12.5 per cent stake in International Tractors Limited (ITL) ......

PE-backed Innoventive Ind to acquire 51% stake in Innovative Technomics

Manufacturing

28 September, 2012

PE-backed Innoventive Ind to acquire 51% stake in Innovative Technomics

Multi-product engineering firm Innoventive Industries Ltd has signed an agreement with Innovative Technomics Pvt Ltd (ITPL) to acquire 51 per cent ......

Bajaj Electricals sells 50% stake in power tools venture to Black & Decker for $6.6M

Manufacturing

20 September, 2012

Bajaj Electricals sells 50% stake in power tools venture to Black & Decker for $6.6M

Bajaj Electricals Ltd has sold its entire 50 per cent stake in Mumbai-based Bajaj Ventures Ltd for Rs 36 crore ......

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Thermax to make mid-sized acquisitions in developing markets

Manufacturing

14 September, 2012

Thermax to make mid-sized acquisitions in developing markets

Energy and environment company Thermax Ltd is looking at acquiring small- to mid-sized energy equipment companies in international markets, chief ......

Amtek India raises $70M through FCCBs

Manufacturing

07 September, 2012

Amtek India raises $70M through FCCBs

Auto component-maker Amtek India Ltd has raised $70 million (Rs 390 crore) through foreign currency convertible bonds (FCCBs), as per ......

Suzlon appoints former bureaucrat Rohit Modi as CEO for India & emerging markets

Manufacturing

04 September, 2012

Suzlon appoints former bureaucrat Rohit Modi as CEO for India & emerging markets

Wind turbine maker Suzlon has appointed Rohit Modi as CEO for India and emerging Markets, according to a company statement. ......