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Deal● Neutral for Indian equities
Carlyle-backed Highway Roop completes Chamundi Die Cast acquisition
The brief
- The acquisition supports Highway Roop’s plan to build a diversified precision manufacturing platform ahead of an IPO
- The deal adds scale in auto components, a sector relevant to listed Indian auto-parts makers
- Carlyle-led investors take control of Edelweiss’ Nido for over ₹2,000 crore
- Edelweiss completes sale of 45% Nido Home Finance stake to Carlyle for ₹600 crore