Airlines / Autos

Bhansali Engineering Polymers has formed a 50:50 JV with Nippon A&L Inc, to manufacture Nippon's specialized grades of ABS polymer approved by the Japanese automobile manufacturers globally, ET states.

Nalanda Capital has invested around R27 Cr for around 7.96% in NRB Bearings, an auto ancillary company through bulk deal on NSE.

Uno Minda is looking to acquire companies in Europe and it is currently is talk with some European manufacturers of automobile components, ET states.

GoAir is planning to sell up to 49% stake and has appointed J.P. Morgan to search for a foreign strategic partner, according to ET.

Rakesh Jhunjhunwala's wife Rekha Jhunjhunwala, bought 25 lakh shares of SpiceJet for R9.73 Cr through a block deal for an average price of R38.94 per share.

Jet Airways is looking to raise $300 mn (R1610 Cr) through ECB and has initiated a process facilitated by Etihad, its new airline partner, according to ET.

Denso Corporation has acquired 51% stake in Pricol Components, a subsidiary of listed firm Pricol Ltd.

GMR Airport is planning to raise funds through public offer this year in order to raise R2,000 Cr and also plans to provide exit route to its PE investors, ET stated.

Minda Industries has acquired Clarton Horn S.A.U., Spain from PMAn Domestic AG, Germany for Euro 6.8 Mn.