Larsen & Toubro, India’s leading engineering, procurement and construction projects, manufacturing and services conglomerate, through its wholly owned subsidiary, Larsen & Toubro International FZE, has signed definitive agreements with Rolls-Royce’s Power Systems Division, a global player in power systems, for the strategic divestment of its UK-based integrated marine automation solutions provider Servowatch Systems. Servowatch Systems…
GMR Infrastructure Limited announced signing of definitive agreements for the sale of equity owned by its wholly owned subsidiary GMR SEZ and Port Holding Limited (GSPHL) of its entire 51% stake in Kakinada SEZ Limited (KSEZ) to Aurobindo Realty and Infrastructure Private Limited (ARIPL). As part of the proposed transfer of stake of KSEZ, the…
Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly owned subsidiary of the Tata Power, announced that it has completed the sale of its three ships viz. MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers GmbH & Co. KG, Germany for a consideration of USD 212.76 million. TERPL will now…
JSPL, one of India’s fastest growing and largest integrated steel manufacturers, announced that its subsidiary, Jindal Steel & Power (Mauritius) Ltd. (JSPML) has accepted a binding offer from Templar Investments Limited to divest its entire stake in its Oman asset, Jindal Shadeed Iron and Steel Co LLC (JSIS Oman). The enterprise value of the deal…
CSS Corp, a new-age IT services and technology support company, announced that it has divested Glow Networks to Altruist Technologies Private Limited, a multinational provider of telecom and business process optimization solutions. The sale was concluded in March 2020. Glow Networks is a network design and deployment services company which was acquired by CSS Corp…