Greaves Electric Mobility, a division of Greaves Cotton Ltd., has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The company intends to raise up to Rs 1,000 crore through a fresh issue of shares, with existing shareholders planning to sell up […]
Bharat Forge Limited has approved an infusion of €39 million (approximately ₹345.58 crore) into its wholly owned subsidiary, Bharat Forge Global Holding GmbH (BFGH), based in Germany. This decision was made during a meeting of the company’s Investment Committee on December 24, 2024. The funds will be allocated to BFGH as equity capital to support […]
Unimech Aerospace and Manufacturing Limited has announced an initial public offering (IPO) to raise up to ₹5,000 million, with plans to channel the proceeds into critical business objectives. The offering comprises a fresh issue of equity shares worth up to ₹2,500 million and an offer for sale by existing shareholders aggregating up to ₹2,500 million. […]
Amazon has announced a $120 million allocation from its Smbhav Venture Fund to invest in startups focused on digitizing consumer goods manufacturing in India. The initiative is part of a broader effort to expand the fund to $350 million, with a focus on fostering innovation in manufacturing, catering to domestic and global markets. This development […]
Bharat Forge Limited has announced the successful completion of its Qualified Institutional Placement (QIP), raising ₹1,650 crores. The QIP concluded on December 9, 2024, and involved the issuance of shares at ₹1,320 per share, slightly below the regulatory floor price of ₹1,323.54 per share. According to the press release issued by the company, the offering […]
Maire announced the inauguration of a new Tecnimont Private Limited (TCMPL) office in Airoli, Navi Mumbai. This facility is the company’s sixth office in the Mumbai Metropolitan Region and its seventh in India. The office, located in the Gigaplex Tower in Airoli’s Mindspace area, accommodates 700 people. According to the company, its location aims to […]
Exide Industries has invested ₹99.99 crore in its wholly-owned subsidiary, Exide Energy Solutions (EESL), through a rights issue, bringing its total investment in the company to ₹3,052.24 crore. The investment retains Exide’s 100% ownership of EESL and supports the subsidiary’s ongoing projects, including a greenfield manufacturing facility in Bengaluru. Established in March 2022, EESL focuses […]
Gujarat Toolroom Ltd has successfully executed an order valued at ₹310 million for Reliance Industries Ltd. This order, part of Reliance’s oil and gas division operations, included the design, manufacturing, and delivery of specialized equipment. This latest development brings Gujarat Toolroom’s completed orders for Reliance Industries to ₹600 million in the current financial year. The […]
B.C. Power Controls Limited has announced the incorporation of its wholly owned subsidiary, Proxima Industries Private Limited. Established on November 22, 2024, Proxima Industries is based in Delhi and will operate in the construction and trading sectors, including metals and other goods. The subsidiary has an authorized and paid-up capital of ₹10 lakh, consisting of […]
RSB Group, an Indian automotive component manufacturer, has outlined ambitious growth plans as it celebrates its 50th anniversary. The company aims to achieve ₹10,000 crore in revenue within the next three to four years, supported by a recent partnership with Bain Capital and a planned initial public offering (IPO). Founded in 1974 with an investment […]