Rane (Madras) Limited (RML) has completed the acquisition of the Friction Business of Hindustan Composites Limited (HCL). The Business Transfer Agreement for the transaction was signed on June 30, 2026. Following the completion of regulatory approvals and other closing conditions, the acquisition has now been completed. HCL’s Friction Business will be integrated with RML’s existing […]
Rane (Madras) Limited has signed an agreement to acquire the friction materials business of Hindustan Composites Limited for an enterprise value of ₹370 crore, in a slump sale that will be executed as a going concern. The transaction has been structured as a Business Transfer Agreement and remains subject to regulatory approvals and other customary closing […]
TVS Motor Company Chairman Mr. Sudarshan Venu has agreed to acquire a minority stake in Jana Small Finance Bank Limited through a combination of primary issuance of warrants and secondary share purchases. The transaction will result in an equity ownership of up to 9.9% on a fully diluted basis, including 4.9% to be held by TVS Motor […]
Leading used-car marketplace CARS24 has acquired automotive utility platform Vehicle Info from Surat-based Vasundhara Infotech LLP as it looks to expand beyond vehicle transactions and build a full-stack digital platform for vehicle ownership. Founded in 2017 by entrepreneur Chirag Pipaliya, Vehicle Info enables users to access a range of vehicle-related services through a single digital platform. The application allows vehicle owners to […]
Cautio, India’s leading video telematics company, has announced the acquisition of BYTES, a Deep-Tech startup backed by Nikhil Kamath’s WTFund, IIT Mandi Catalyst, NSRCEL- IIM B & Startup Karnataka, marking a major step in the company’s mission to build India’s most comprehensive, intelligence-driven road safety platform. This integration strengthens Cautio’s long-term commitment to protecting every moving […]
JK Tyre & Industries Ltd., one of India’s leading tyre manufacturers, has announced the successful completion of the merger of Cavendish Industries Ltd. (Cavendish), its subsidiary with JK Tyre & Industries Ltd. Cavendish was acquired by JK Tyre in 2016 from Kesoram Industries Ltd. Cavendish primarily had manufacturing capacity of truck/ bus radial, truck/bus bias […]
India’s automotive sector has posted its strongest quarter in over a year, with 30 transactions worth $ 4.6 billion, according to the Grant Thornton Bharat Q3 2025 Automotive Dealtracker. While deal volumes remained steady, overall value surged sharply — driven primarily by Tata Motors’ landmark $ 3.8 billion acquisition of Iveco S.P.A., one of the largest outbound […]