MERGERS & ACQUISITIONS
Shriram Pistons Acquires TGPEL Precision Engineering for Diversification On December 10, 2024, Shriram Pistons & Rings Limited (SPRL) announced that its subsidiary, SPR Engenious Limited (SEL), will acquire TGPEL Precision Engineering Limited. The INR 2,200 Mn deal is set to close by December 31, 2024, with final adjustments for debt and working capital. Strategic Objectives…
Styrenix Performance Materials to Acquire INEOS Thailand Styrenix Performance Materials Limited (SPML) has announced the acquisition of INEOS Styrolution (Thailand) Co., Limited (INEOS Thailand) to expand its global footprint and strengthen its portfolio in specialty polymers. Here are the key details: Acquisition Details:SPML will acquire 100% shareholding of INEOS Thailand through its step-down subsidiary in…
Datamatics Acquires TNQ Tech to Strengthen Digital Publishing Services Datamatics Global Services Ltd has announced a significant step forward in its digital publishing and technology services with the acquisition of TNQ Tech Private Limited. Here are the details of this strategic move: Acquisition Announcement:On December 9, 2024, Datamatics revealed its plan to acquire 100% ownership…
Easy Trip Planners Limited Announces Strategic Equity Acquisitions Easy Trip Planners Limited is expanding its business portfolio with equity acquisitions in three companies: Pflege Home Health Care Center L.L.C, Jeewani Hospitality Private Limited, and Planet Education Australia Pty Ltd. These acquisitions will be executed via share swaps, where Easy Trip Planners will issue its own…
Kirloskar Pneumatic Acquires Majority Stake in Systems and Components (India) Pvt. Ltd. Kirloskar Pneumatic Company Limited (KPCL) has successfully acquired 55.26% equity shares of Systems and Components (India) Private Limited (S&C) on December 4, 2024. Following this acquisition, S&C is now a subsidiary of KPCL. The acquisition was executed under the Share Purchase and Shareholders’…
On December 3, 2024, Kaynes Technology India Limited, via its wholly owned subsidiary Kaynes Holding Pte. Ltd. (“Kaynes Singapore”), successfully acquired a 54% stake in Sensonic GmbH, Austria. This strategic acquisition, completed after receiving regulatory approvals including the Austrian Investment Control Act, strengthens Kaynes Technology’s global footprint in infrastructure technology and underscores its commitment to…
Aditya Birla Capital Invests ₹300 Crore in Aditya Birla Housing Finance On December 3, 2024, Aditya Birla Capital Limited (ABCL) announced an equity investment of ₹300,00,00,041 (Rupees Three Hundred Crore and Forty-One Only) in its wholly owned subsidiary, Aditya Birla Housing Finance Limited (ABHFL). The investment, made on a rights basis, does not alter ABCL’s…
Tech Mahindra Subsidiaries Merger Tech Mahindra Limited has announced the merger of its two wholly-owned step-down subsidiaries in Costa Rica: TM Born Group CR Sociedad de Responsabilidad Limitada and Allyis Technology Solutions Sociedad de Responsabilidad Limitada. Both entities operate under Allyis Inc., USA, which is fully owned by Tech Mahindra Limited. The boards of directors…
H.G. Infra Engineering Limited Secures Bid for Gujarat Battery Energy Storage Project H.G. Infra Engineering Limited (HGINFRA) has been awarded a bid to develop Battery Energy Storage Systems (BESS) in Gujarat. The project is commissioned by Gujarat Urja Vikas Nigam Ltd (GUVNL), the state-owned power utility in Gujarat. Project Overview: Scope of Work: Establishment of…
Acquisition of Steer Hybren Private Limited Mahindra & Mahindra Limited (M&M) announced on November 29, 2024, the incorporation of Steer Hybren Private Limited (Steer Hybren) as a step-down subsidiary. The entity is now a wholly-owned subsidiary of Mahindra Susten Private Limited (MSPL), which is itself a subsidiary of Mahindra Holdings Limited (MHL), a wholly-owned subsidiary…