Gurgaon-based MSD Telematics Private Limited has acquired Heuristics Info Systems in an all cash deal. Sparrow Business Solutions LLP, a boutique corporate finance firm acted as an exclusive advisor to both the firms on the transaction. TRA Law acted as the legal advisor. Expected to fuel MSD’ ability to deliver greater value to its customers by enabling the company to[Read More…]
Eight lenders who jointly took control of debt-laden AMW Auto Component Ltd—a unit of truck maker AMW Motors Ltd—in June 2016, have put it up for sale claim industry sources. Sources claim that AMW Auto Component had debt of Rs.724 crore as of March 31, 2016. They cite data from the company’s filings with the registrar of companies (RoC). In[Read More…]
Motherson Sumi has acquired Finland-based PKC group for Euro 571 million in its bid to drive inorganic growth. Having the potential to add value to the company’s bottomline in the medium-term, courtesy the incremental product portfolio, scalability of business and a successful track record of turning around its acquisitions, Motherson Sumi’s acquisition of PKC Group aligns well with its specialisation[Read More…]
Karnataka State Road Transport Corporation (KSRTC), over the next six months, has decided to equip 2500 of its buses with debit and credit card readers. KSRTC has a fleet of 8,100 buses, which caters to an estimated 2.5 million passengers daily. Of these, only 20 per cent passengers book online. According to Rajender Kumar Kataria, managing director of KSRTC, with[Read More…]
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