Investment18 Jan 2025, 09:46 pm
MAN Industries (India) Ltd. to Raise Rs. 300 Crores and Appoints New CFO
AI Summary
MAN Industries (India) Ltd. announced the outcome of its Board Meeting held on 18.01.2025. The company plans to raise funds up to Rs. 300 Crores through various methods, including Preferential Issue, Qualified Institution Placement (QIP), Right Issue or a combination thereof. The fundraising is subject to regulatory and statutory approvals. The Board also approved the appointment of Mr. Sandeep Kumar as the Chief Financial Officer (CFO) and Key Managerial Personnel, effective from January 18, 2025.
Key Highlights
- MAN Industries (India) Ltd. plans to raise Rs. 300 Crores through various methods
- The fundraising is subject to regulatory and statutory approvals
- Mr. Sandeep Kumar appointed as the Chief Financial Officer and Key Managerial Personnel