MAN Industry raises Rs. 300 crore through preferential allotment

The proposed capital raise marks a significant step toward reinforcing our growth strategy

The Board of Directors of MAN Industries has approved a proposal to raise up to Rs. 300 crore through a preferential allotment of convertible warrants and equity shares to promoter group entity and non-promoters respectively, subject to the approval of shareholders of the company and of such regulatory/ statutory authorities, as may be applicable, for which the company has received an overwhelming response from the renowned Investors.

Nikhil Mansukhani, Managing Director, stated: “The proposed capital raise marks a significant step toward reinforcing our growth strategy. It will enable us to enhance execution capabilities, support strategic expansion, and continue delivering value to our stakeholders.”