Sundaram-Clayton Ltd Approves Fund Raising of Up to INR 400 Crore

Sundaram-Clayton Ltd, a company registered under CIN: L51100TN2017PLC118316, has announced its approval for raising funds up to INR 400 Crore. The approval came during the Board of Directors' meeting held on 3rd July 2024. The funds may be raised through one or more tranches by way of a preferential issue, further public offer, qualified institutions placement (QIP), or other permissible modes. The funds raised will be in compliance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws. The company's website is www.sundaram-clayton.com, and the contact email for corporate affairs is corpsec@sundaramclayton.com.