CRISIL’s Board of Directors has approved the acquisition of 100% of Peter Lee Associates’ equity share capital for AUD 6.15 million, subject to closing adjustments. The acquisition’s legally binding agreement was signed today. CRISIL’s 100% subsidiary, CRISIL Irevna Australia, will complete the acquisition. CRISIL’s existing product portfolio will be supplemented, and offerings will be expanded
Allcheckdeals India Pvt. Ltd. (“ACD”), a wholly owned subsidiary of Info Edge (India) Ltd, has invested Rs. 4 Crores in its wholly owned subsidiary-NewInc Internet Services Pvt. Ltd (“NewInc”), the Company’s step down wholly owned subsidiary. NewInc is in the business of providing various internet, computer, and electronic data processing services. ACD has agreed to
Lumax Auto Technologies Limited (“LATL”), a leading Tier-1 automotive systems and components supplier, has signed an agreement with the International Automotive Components Group to acquire a majority stake in IAC International Automotive India Private Limited (“IAC India”) (“IAC Group”). The IAC Group is a global leader in the manufacture of powertrain-independent automotive interior and exterior
Sun Pharma has announced the acquisition of a 26.09% stake in Agatsa Software Private Limited, an early-stage digital diagnostic devices company, for Rs 30 crore in two tranches. The acquisition will be completed in two tranches, with Tranche 1 ($8 million) expected to be completed in February 2023 and Tranche 2 ($22 million) expected to
The Central Electricity Regulatory Commission (CERC) has approved a high price-day ahead market (HP-DAM) segment at power exchanges, providing states, central and private utilities with an additional avenue to meet demand during times of scarcity. The decision comes as summer approaches, when power demand spikes and states scramble for power. The HP-DAM market segment will
Samvardhana Motherson International Limited (SAMIL) announced that its wholly-owned subsidiary Samvardhana Motherson Automotive Systems Group BV (SMRPBV) has agreed to purchase the entire stake in SAS Autosystemtechnik GmbH (Germany) held by French automotive supplier Faurecia for 540 million euros ($577.5 million). SAS is a provider of assembly and logistics services for the automotive industry, according
Pennar Group, a leading provider of value-added engineering products and services, has received orders totaling INR 851 crores across its various business verticals. Pennar Industries Limited shares were last trading in the BSE at Rs. 73.50, compared to the previous close of Rs. 73.50. The total number of shares traded in over 2263 trades during
RITES has been awarded a new EPC contract worth Rs 76.08 crore for the ‘Provision of EI-based Automatic Signaling with continuous track circuiting and other associated works, as well as suitable indoor alterations in Electronic interlocking/RRI/PI stations enroute in Dhaulpur-Gwalior Section of Jhansi Division of North Central Railway.’ Previously, the company received Rs 65 crore
Dilip Buildcon Limited – Skyway Infraprojects Pvt. Ltd [DBL-SIPL (JV)] has received a letter of acceptance (LOA) from Madhya Pradesh Jal Nigam Maryadit, Bhopal (M.P) (Authority). The order is for Engineering, Procurement, Construction, Testing Commissioning, Trial Run and Operation and Maintenance of Various Components of Rewa Bansagar MVS, District Rewa in Single Package on TumKey
K E C International has received new orders totaling Rs. 3,023 crores from its various businesses:Civil: In India, the company has received orders for infra works in the water pipeline and commercial building segments. T&D (Transmission and Distribution): The company has received orders for T&D projects in the America. The company has received orders for
