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Standard Chartered PE-backed firm gets regulatory nod to launch IPO

Manufacturing

10 June, 2019

Standard Chartered PE-backed firm gets regulatory nod to launch IPO

A Mumbai-based manufacturing firm backed by Standard Chartered Private Equity has received clearance from the Securities and Exchange...

Stressed assets this week: Nirav Modi firms head to NCLT; reprieve for Sterling Biotech

Finance

07 June, 2019

Stressed assets this week: Nirav Modi firms head to NCLT; reprieve for Sterling Biotech

There was plenty of action at the bankruptcy courts this week, with breakthroughs achieved in a couple of cases that ......

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Kedaara Capital picks industrial sector for first new deal in a year

Manufacturing

06 June, 2019

Kedaara Capital picks industrial sector for first new deal in a year

Homegrown private equity firm Kedaara Capital is set to ink its first deal in close to a year by purchasing ......

Fiat Chrysler withdraws $35 bn merger offer for Renault

Manufacturing

06 June, 2019

Fiat Chrysler withdraws $35 bn merger offer for Renault

Fiat Chrysler said it has abandoned its $35 billion merger offer for Renault, blaming French politics for scuttling what would...

Kolkata-based reinforcement bar maker Shyam Steel files for IPO

Manufacturing

04 June, 2019

Kolkata-based reinforcement bar maker Shyam Steel files for IPO

Shyam Steel Industries Ltd, maker of thermo-mechanically treated (TMT) reinforcement bars, has filed a draft prospectus with the...

Setco Automotive to buy out Spanish partner in casting joint venture

Manufacturing

04 June, 2019

Setco Automotive to buy out Spanish partner in casting joint venture

Mumbai-based Setco Automotive Ltd said on Tuesday said it will buy Spanish partner Lingotes Especiales SA’s stake in their...

NCLAT okays Maruti Ferrous' modified plan for buying Sunil Ispat

Manufacturing

04 June, 2019

NCLAT okays Maruti Ferrous' modified plan for buying Sunil Ispat

Maruti Ferrous Pvt. Ltd’s plan to acquire bankrupt Sunil Ispat and Power has been okayed by the National Company Law ......

Waste management startup Recykal raises pre-Series A funding

Manufacturing

04 June, 2019

Waste management startup Recykal raises pre-Series A funding

Waste management and recycling startup Recykal has raised $2 million (Rs 13.8 crore at current exchange rate) in a pre-Series...

Penna Cement gets SEBI nod to float initial public offering

Manufacturing

03 June, 2019

Penna Cement gets SEBI nod to float initial public offering

Hyderabad-based Penna Cement Industries Ltd has received approval from the Securities and Exchange Board of India (SEBI) to float...

CDPQ picks up stake in Mahindra & Mahindra for $206 mn

Manufacturing

03 June, 2019

CDPQ picks up stake in Mahindra & Mahindra for $206 mn

Canadian pension fund CDPQ has picked up a 1.54% stake in Mahindra & Mahindra Ltd for Rs 1,244 crore ($179 ......

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