Global private equity firm Carlyle is set to invest $400 million in India’s auto component market, focusing on the growing domestic demand and potential for export. The firm aims to establish a platform to acquire and merge mid-sized manufacturers specializing in precision machining and components for electric vehicles (EVs).
According to reports, Carlyle plans to acquire at least two…
In a notable development, Vedanta Ltd, under the leadership of Anil Agarwal, has received approval from its board to proceed with an Offer For Sale (OFS) of its 2.6% stake in Hindustan Zinc (HZL). The board’s decision authorizes the sale of up to 110 million equity shares of Hindustan Zinc, a move that is set to raise approximately ₹6,450 crore at the current share price of ₹586.00 on the…
