Lumax Auto Technologies Limited (LATL), a leading Tier-1 automotive systems and components supplier, has completed the acquisition of 60% stake in Greenfuel Energy Solutions’ alternate fuels business for INR 153.09 crores through its wholly owned subsidiary Lumax Resources Pvt Ltd. The acquisition has been funded through a combination of debt and internal accruals. This acquisition […]
Schaeffler India Limited (BSE: 505790, NSE: SCHAEFFLER) today announced that the Board of Directors has approved the acquisition of 100 percent of the shares of KRSV Innovative Auto Solutions Private Limited (in the following “Koovers”), a Bengaluru-based private limited company offering spare parts solutions to Indian aftermarket workshops via a B-to-B e-commerce platform. This acquisition presents an ideal […]
Aim is to strengthen existing partnerships within the “Power for All Alliance” Bosch has agreed to acquire shares in the long-established Swedish company Husqvarna AB. The acquisition will increase its shareholding to roughly 12 percent in the company’s share capital in total. Husqvarna is listed on Nasdaq Stockholm. In acquiring these shares today, Bosch intends […]
In a share swap transaction, Mahindra & Mahindra will secure a stake in TVS Automobile Solutions, thus empowering the partners and employees to drive growth through digital solutions Mahindra First Choice Services Ltd. (MFCSL), the well-known pan-India chain of multi-brand car and two-wheeler service workshops, part of the Mahindra Group, announced a plan to integrate […]