stake acquisition

L&T, 6 others pick 8.03% stake in Cube Highways Trust for Rs 1,243 crore

by
L&T, 6 others pick 8.03% stake in Cube Highways Trust for Rs 1,243 crore

Larsen & Toubro, its three affiliates and three other entities on Thursday picked up an 8.03 per cent stake in Cube Highways Trust for Rs 1,243 crore through open market transactions. The sellers involved in the transaction, include Cube Highways and Infrastructure I-D Pte, Cube Highways and Infrastructure Pte and Cube Mobility Investments through separate … Read more

Samvardhana Motherson Intl to acquire 11% stake in Israel’s REE Automotive for $15 mn

by
Samvardhana Motherson Intl to acquire 11% stake in Israel’s REE Automotive for mn

Auto components major Samvardhana Motherson International Ltd on Monday said it will acquire 11 per cent stake in Israel’s REE Automotive Ltd for up to USD 15 million. Samvardhana Motherson International Ltd (SAMIL) via its wholly-owned subsidiary MSSL Consolidated Inc will subscribe up to 36,39,010 Class A ordinary shares of REE Automotive Ltd. At a … Read more