Sector: Capital Goods
Sona acquires Railway Equipment Division from Escorts
Sona BLW Precision Forgings (Sona) has entered into an agreement to acquire the Railway Equipment Division (RED) of Escorts Kubota (Escorts). RED of Escorts is a leading supplier of critical components for Railways, such as brakes and suspension systems for various rolling stocks. The division reported revenues of Rs 950 cr in FY 24. In … Read more
Timken’s parent sells around 10%
Timken Singapore Pte Ltd, the parent Company of Timken India (TI) has sold a significant stake of TI. It has sold 7.6 million shares in the open market The consideration for the same is around Rs 2,361.89 crore i.e., abt Rs 3,100/ share which is 11% discount from the previous closing price It’s stake has … Read more