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PE fund, former Warburg exec's firm bet on Prince Pipes as IPO crosses one-fourth mark

Manufacturing

18 December, 2019

PE fund, former Warburg exec's firm bet on Prince Pipes as IPO crosses one-fourth mark

PVC pipe manufacturer Prince Pipes and Fittings Ltd has raised Rs 150 crore ($21.1 million at current exchange rates) from ......

State-run warship maker Mazagon Dock gets SEBI nod for revised IPO plan

Manufacturing

17 December, 2019

State-run warship maker Mazagon Dock gets SEBI nod for revised IPO plan

Mumbai-based warship maker Mazagon Dock Shipbuilders Ltd has received a regulatory nod on its revised plan to float an initial...

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Everstone, TVS Capital-backed wind turbine firm in the NCLT dock

Manufacturing

17 December, 2019

Everstone, TVS Capital-backed wind turbine firm in the NCLT dock

A Chennai-based wind turbine firm backed by Everstone Capital, TVS Capital and MCap Advisors has been admitted to the insolvency...

Nalanda Capital-backed Elgi snaps up US firm

Manufacturing

17 December, 2019

Nalanda Capital-backed Elgi snaps up US firm

Air compressor maker Elgi Equipments Ltd has acquired Michigan Air Solutions LLC to expand its business in the US. The Coimbatore,...

ArcelorMittal forms JV with Nippon Steel to run Essar Steel

Manufacturing

17 December, 2019

ArcelorMittal forms JV with Nippon Steel to run Essar Steel

ArcelorMittal SA said on Monday it had formed a joint venture with Nippon Steel Corp to run Essar Steel, the ......

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JSW Steel inches closer to acquiring another bankrupt firm

Manufacturing

16 December, 2019

JSW Steel inches closer to acquiring another bankrupt firm

JSW Steel got one step closer to becoming the largest steel firm in the country as a bankruptcy appeals court ......

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Prince Pipes gets mid-market PE firm on board; snips IPO size again

Manufacturing

13 December, 2019

Prince Pipes gets mid-market PE firm on board; snips IPO size again

PVC pipes maker Prince Pipes and Fittings Ltd has raised funding from a mid-market private equity firm even as it ......

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Irish building materials giant CRH selling stake in India's Maha Cement venture

Manufacturing

12 December, 2019

Irish building materials giant CRH selling stake in India's Maha Cement venture

Dublin-headquartered CRH Plc, the world’s second-largest building materials company, is planning to sell its 50% stake in...

India's economic worries mount as inflation quickens, industrial output shrinks

Finance

12 December, 2019

India's economic worries mount as inflation quickens, industrial output shrinks

India's retail inflation accelerated to 5.54% in November due to high food prices, government data showed on Thursday....

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SAIF Partners locks in on India's third-largest luggage maker

Manufacturing

12 December, 2019

SAIF Partners locks in on India's third-largest luggage maker

Homegrown venture capital and growth-equity investment firm SAIF Partners has bought a minority stake in India’s third-largest...

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