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SONA COMSTAR ACQUISITIONS
ET Prime Special Series: Multibagger or IBC - Part 32: 36% revenue from EVs, and now an expansion beyond autoNumbers tell the story. Battery EV revenue share has climbed from 25% in FY22 to 36% in FY25 even as ICE-dependent products receded to 9%. ...
Meet Priya Sachdev Kapur: Daughter of an automobile dealer who failed in Bollywood but is now fighting a ₹30,000-crore battlePriya Sachdev Kapur, daughter of a prominent automobile dealer, is no stranger to the spotlight. After a short-lived stint in Bollywood tha...
Sona Comstar plans to manufacture EV magnets in India amid China export curbsSona Comstar, India's leading rare earth magnet importer, intends to manufacture these crucial EV components locally, capitalizing on gover...
Component companies stay on road to Mexico despite tariff fearsIndian auto parts makers with operations in Mexico are cautiously continuing expansion plans despite US tariff uncertainties. Major firms l...
Sona BLW shares zoom 10.5% on approving Rs 1,600 crore acquisition of Escorts Kubota’s railway equipment bizSona BLW Precision Forgings (Sona Comstar) is acquiring Escorts Kubota's Railway Equipment Division for Rs 1,600 crore on a slump sale basi...
Escorts Kubota to sell railway equipment biz to Sona Comstar for Rs 1,600 crEscorts Kubota Ltd is divesting its railway equipment business division to Sona BLW Precision Forgings Ltd for Rs 1,600 crore. This move al...
Fintechs' secure credit play; New Jersey turns IT hubHappy Monday! Fintech companies like Cred, PhonePe and Paytm are seeking partnerships with NBFCs to enter the secured credit market. This a...
Make for India momentum clearly building, throwing up new investment opportunities: Blackstone COO Jonathan GrayFund plans to annually deploy at least $2 billion for next 5 years. But Gray feels taking companies private in India is a big challenge, as...
Jefferies initiates coverage on this auto stock, sees 34% upside potentialSona's revenue potential over a 10-year period, based on orders under execution and unexecuted order book, has risen 50% in the last 6 quar...
Time to bet on auto with sector rotation taking place? Vinit Bolinjkar answers“We continue to remain underweight on IT stocks. I know there is a little bit of buying happening given the defensive nature of this pack, ...
Sona BLW rises 8% after acquisition of Serbia-based NOVELICAt 10.43 am, the scrip was trading at 6.9% higher at Rs 452 over its previous day’s closing price of Rs 422.5 apiece. However, the stock ha...
Is it time for long-term accumulation in IT? Sandip Sabharwal answers“We should be careful about companies with global linkages and also commodities companies. There are companies like Motherson Sumi which ha...
Biggest gainers & losers of the day: Newly-listed stocks see demand; Hinduja Global hits lower circuitToday's session can be attributed to the latest entrants of Dalal Street. Stove Kraft, Laxmi Organics, Sona Comstar, Zomato, Devyani Intern...
Stay neutral, stay light and keep some powder dry: Gurmeet Chadha“Any company with an adverse energy mix and large dependency on crude derivatives would be in for EBIT shock. But it could be transient. ”
SGX Nifty up 5 points; here's what changed for market while you were sleepingAsian Markets gave up early gains on Thursday in cautious trade after a mixed close on Wall Street, as investors digested the latest econom...
Competition Commission clears Blackstone-Sona BLW dealAccording to the CCI, the deal involves acquisition of up to 66.28 per cent share capital in Sona BLW by Blackstone Group and merger of Com...
Blackstone to acquire $300 million stake in Sona BLW, to merge it with ComstarBlackstone is in advance talks to acquire a stake in Indian auto parts maker Sona BLW Precision Forgings.