Siemens will acquire the Mumbai-based company for ₹38 crore Siemens Limited has announced that it will acquire the electric vehicle division of Mumbai-based Mass-Tech Controls Private Limited. The division is engaged in design, engineering and manufacturing of a wide range of AC chargers and 30-300kW capacity DC chargers for EVs. The purchase consideration is ₹38 […]
IndiGrid to acquire Virescent Renewable Energy Trust for up to Rs 4,000 cr – EQ Mag
The IndiGrid executed a unit purchase agreement on May 12, 2023, for the acquisition of 100 per cent of the units of Virescent Renewable Energy Trust (VRET), in one or more tranches, from the unitholders of VRET. Infrastructure investment trust India Grid Trust (IndiGrid) on Friday said it has signed a share purchase agreement for […]
Qualcomm to acquire Israeli auto-chip maker Autotalks – EQ Mag
Chip designer Qualcomm Inc said on Monday it would buy Israel’s Autotalks Ltd that makes chips used in technology aimed at preventing vehicle crashes, as the U.S. firm looks to deepen its automotive business. With increasing electric vehicles and automatic features in cars, the number of chips used by automakers is surging, making the automotive […]
MALION Will Acquire Huihong Pigment so as to Hasten Its Expansion into Field of Na-Ion Batteries – EQ Mag
Among the major types of cathode materials used in Na-ion batteries, Prussian blue (white) compounds have the advantages of high capacity, high C-rate, and low cost. Hence, suppliers for Na-ion batteries have been actively developing their capabilities to manufacture or obtain Prussian blue (white) compounds. MALION announced on March 13 that it subsidiary MALION New […]
JSW Neo to acquire 12 SPVs of Mytrah Energy – EQ Mag
The cost of acquisition would be at Rs 1.82 crore, this includes the acquisition of 1,753 MW of Renewable Energy generation capacity from the company. JSW Neo Energy Limited has agreed to acquire the entire shareholding of additional 12 Mytrah Energy India Private Limited SPVs within the already agreed consideration approved by the Board for […]
CPPIB may offer to buy out ReNew minority shareholders – EQ Mag
Canada’s biggest pension fund manager CPP Investments (CPPIB) has initiated preliminary discussions with investment banks to explore the possibility of launching a tender offer to acquire the minority shareholders of Nasdaq listed renewable energy company ReNew Energy Global, which operates one of India’s biggest renewable energy platform – ReNew Power, said a person in the […]
Brookfield in talks to acquire CleanMax Solar – EQ Mag
Canadian investor Brookfield has entered into exclusive negotiations to invest as much as ₹3,000 crore ($363 million) to buy a controlling stake in CleanMax Solar, which provides renewable energy to commercial and industrial establishments, said two people sources in the know, speaking on the condition of anonymity. CleanMax is a major supplier of renewable energy […]
Garware Technical Fibres to acquire 26% stake in TP Bhaskar Renewables – EQ Mag
For purpose of captive use of green power Garware Technical Fibres has entered into an Agreement with TP Bhaskar Renewables (TPBRL), vide which, inter alia, the Company has agreed to acquire and / or subscribe to 26% (twenty-six percent) equity shares of TP Bhaskar Renewables. The proposed acquisition and / or subscription of Equity Shares […]
Shell unit to acquire EV charging firm Volta for about $169 million – EQ Mag
Volta Inc said on Wednesday that a Shell Plc subsidiary would take over the electric vehicle (EV) charging network operator in an all-cash deal valued at about $169 million. Shell USA Inc will acquire all outstanding shares of Class A common stock of Volta for 86 cents apiece in cash in a deal that is […]
Vedanta to acquire Meenakshi Energy for Rs 1,440 cr – EQ Mag
The mineral and metal miner said that it will acquire the debt- laden power company, Meenakshi Energy for a total cash consideration of Rs 1,140 crore In an exchange filing, the mining company said, “Post submission of bid for Meenakshi Energy under Corporate Insolvency Resolution Process (CIRP) under Insolvency and Bankruptcy Code (IBC), Vedanta has […]