Samvardhana Motherson International raises $771m in successful QIP amid investor demand

Samvardhana Motherson International raises $771m in successful QIP amid investor demand

In a significant financial milestone, Samvardhana Motherson International Limited (SAMIL) has successfully closed its Qualified Institutional Placement (QIP) by raising a total of USD 771 million. The transaction, completed on September 20, 2024, witnessed strong demand from both domestic and international institutional investors, marking it as a pivotal event in SAMIL’s financial trajectory. SAMIL attracts […]

HLE Glascoat acquires majority stake in Kinam Engineering for Rs 80cr

HLE Glascoat acquires majority stake in Kinam Engineering for Rs 80cr

HLE Glascoat, a process equipment manufacturing front-runner, today finalized the acquisition of a 35.56% stake in Kinam Engineering Industries for a consideration of Rs. 79.97 crores. This acquisition is part of HLE Glascoat’s strategic move to bolster its standing in the niche process equipment market. Kinam Engineering Industries to Retain Distinct Identity In a collaborative […]