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MURUGAPPA CONSORTIUM
TPG, Murugappa-backed consortium launches Vayona Energy after acquiring Siemens Gamesa’s onshore wind businessSiemens Gamesa's onshore wind business in India and Sri Lanka has been rebranded as Vayona Energy following its acquisition by a consortium...
TPG-led consortium seeks CCI nod to acquire Siemens Gamesa's wind bizA big move in renewable energy sector is expected. TPG, Mavco Investments, and Prashant Jain plan to acquire Siemens Gamesa's wind business...
TPG-led group clinches Rs 7,000 cr Siemens Gamesa dealUS buyout group TPG, through its Rise Climate fund, acquires a majority stake in Siemens Gamesa's onshore wind turbine manufacturing busine...
Siemens Energy sells most of Indian wind business to TPG-led investor groupSiemens Energy plans to sell 90% of its wind business in India and Sri Lanka to an investor group led by TPG's climate investment arm. The ...
TPG-led consortium set to acquire Siemens Gamesa Renewable Power for $500-550 millionTPG, along with Vellayan Subbiah and Prashant Jain, is set to acquire Siemens Gamesa Renewable Power's Indian wind energy assets for $500-5...
Murugappa family's Mavco and Avenue Capital Group gets CCI nod to acquire MHM HoldingThe Competition Commission of India has approved the acquisition of Germany-based MHM Holding by Mavco Investments and Avenue Capital Group...
Murugappa to buy Germany's Hubergroup; acquisition at an enterprise value of $310 millionMurugappa Group is set to acquire Hubergroup, a German specialty chemicals company, for $310 million. The deal, financed through debt refin...
India’s bumper Apple harvest; GCCs go wider to hunt talentThe iPhone has driven India’s mobile exports to over $15 billion in FY24. This and more in today’s ETtech Top 5.
Acre puts Nagarjuna Fertilizers up for sale at double buy priceDistressed debt aggregator Acre Asset Reconstruction Company (ARC) plans to sell Nagarjuna Fertilizers and Chemicals, seeking ₹1,600 crore ...
HCL inching close to chip unit in Karnataka, investment estimated at $400 millionThe group — best known for its $12.6 billion IT arm HCLTech — is in active talks with the state government, which has offered land both nea...
MCA moves NCLT against former management of CG PowerIn 2019, the board of CG Power & Industrial Solutions had to restate its earnings after finding suspected fraudulent transactions by its ch...
Murugappa Group takes over CG Power, appoints directorsCG Power said its entire board including non-executive chairman Ashish Guha and whole-time executive director Sudhir Mathur have resigned.
Stocks in the news: IndusInd Bank, Vodafone Idea, Majesco, LVB, Relaxo, Mphasis and Prestige EstatesInsurance technology firm Majesco has announced a share buyback plan of up to Rs 631.26 crore.
CG Power lenders agree for loan restructuring, pave way for Murugappa takeoverIn separate but almost identical stock exchange filings, CG Power and Murugappa Group firm Tube Investments of India Ltd (TIIL), said lende...
Murugappa Group to invest Rs 700 crore in CG PowerThis process allows other potential suitors to make a counteroffer, after which the first investor, in this case Tube Investment, will have...
Lenders of CG Power negotiate with Murugappa Group to further raise the bid amountIf concluded, the deal will likely give Murugappa at least 70% of the debt-laden company.
Fund crunch delays Board-commissioned investigation into book-rigging charges at CG PowerIn December last year, the Serious Fraud Investigation Office under the ministry of corporate affairs initiated a probe into 16 group entit...
- RBI lets 2 Singapore banks open account in India
The RBI granted licences to 2 Singapore banks, DBS & UOB. In turn, the Monetary Authority of Singapore has approved a full bank licence to ...
- Global PE giants home in on Satyagriha
Five Private Equity firms, including Warburg Pincus, Goldman Sachs and AIG, are mulling exposure in the Rs 62,000-crore Satyagriha project.