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L&T Technology Services acquires US-based Intelliswift for $110 mn
L&T Technology Services (LTTS) has announced the acquisition of Silicon Valley-based Intelliswift for $110 million. The move aims to strengthen LTTS’ offerings in software product development, platform engineering, and digital integration, particularly in data and artificial intelligence (AI). Intelliswift serves high-profile clients across sectors like retail, fintech, and technology, including four of the top five hyperscalers and more than 25 Fortune 500 companies.With this acquisition, LTTS expands its client base and enhances its expertise in the fast-growing digital services market..
Welspun Corp arm sells 5% stake in associate entity for about Rs 480 cr
Welspun Mauritius Holdings (WMHL), a subsidiary of Welspun Corp, has divested a 5% equity stake in East Pipes Integrated Company for Industry (EPIC) for 218.9 million Saudi Riyals (approximately Rs 480 crore). EPIC, based in Saudi Arabia, is a listed associate of Welspun Corp.The stake sale, which was executed in a series of negotiated trades on the Tadawul Stock Exchange, reduces WMHL’s stake in EPIC from 31.5% to 26.5%, though it remains the largest shareholder. The proceeds from the sale will be reinvested into Welspun's new subsidiary, Welspun Pipes Company, KSA, which is set to finance ..
Vedanta plans to invest around $550 million in AvanStrate
Vedanta Limited is set to invest approximately $550 million in its group company, AvanStrate Inc. (ASI), a global leader in display glass manufacturing. Earlier this year, Vedanta acquired a 98% stake in ASI, and this new investment is aimed at driving innovation and expanding ASI’s capabilities in research and development (R&D), manufacturing, and product offerings.AvanStrate operates in Taiwan, South Korea, and Japan and is focused on developing next-generation glass products for advanced packaging. These innovations are expected to cater to high-growth sectors such as semiconductors, ..
