Oricon Enterprises' board approved transferring the closures business of Oriental Containers to Oricon Packaging and selling a 51% stake in Oricon Packaging to Italy's Pelliconi at an enterprise value of Rs 419.40 crore, subject to agreed conditions. The approvals were given at a meeting on 27 October 2017.

Timken India Ltd., a majority-owned subsidiary of The Timken Company, agreed to merge with ABC Bearings Ltd., a maker of tapered, cylindrical and spherical roller bearings based in Mumbai with plants in Bharuch and Dehradun, in a share-based deal subject to Indian approvals.

Kirloskar Oil Engines will acquire a 76% stake in Ahmedabad-based electric pump maker La-Gajjar Machineries at 7.89 times EBITDA, with the remaining 24% to be bought over five years; the amount was not disclosed.

Manuli Hydraulics has acquired the majority of shares of PSI Hydraulics, India's third largest hydraulic fluid conveyance company with operations in Bangalore and Udaipur. The company was renamed Manuli PSI Hydraulics Private Limited.

Pacman-CCL, a joint venture of CCL Industries and Albwardy Investment, is set to acquire a 70% stake in Super Label, an Indian pressure-sensitive label maker, for $3.75 million.

The Indian government plans to sell its entire 56.43 percent holding in Hindustan Fluorocarbons, held through Hindustan Organic Chemicals, via strategic sale. The company makes PTFE and fluoromethane.

The Indian government intends to sell 99.53 percent equity and management control of Bridge & Roof Company through a strategic sale. The Ministry of Heavy Industries oversees the company.

The Indian government intends to divest 100 percent of Bharat Pumps & Compressors through a strategic sale with transfer of management control. The Cabinet cleared the sale in September 2016, and DIPAM is seeking advisors.

Raychem RPG, a joint venture of TE Connectivity USA and RPG Enterprises India, announced the acquisition of Hi-Velm Industries, a division of Digivision Electronics in Chennai, India. Hi-Velm produces extra high-voltage disconnectors. No deal value was disclosed.

Oji Holdings reached an agreement with JK Paper to acquire an additional 20% stake in Oji JK Packaging, a corrugated container maker in India that is a joint venture of JK Paper, Oji and Marubeni.

Coimbatore-based pump maker EKKI Group has completed the acquisition and integration of Deccan Pumps Private Ltd, a maker of sump submersibles, monoblocs and surface pumps.

Private equity firms Advent International and KKR have made offers reported at around Rs 3,000 crore ($400-500 million) to buy 100% of L&T Valves from Larsen & Toubro, though no deal has been agreed.

Larsen & Toubro approved a scheme of arrangement with its subsidiary L&T Valves Ltd, a deal valued at 437.9 million rupees in cash.