MAN Industry raises Rs. 300 crore through preferential allotment
General

MAN Industry raises Rs. 300 crore through preferential allotment

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

  • By ICN Bureau | June 04, 2025

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.”

Register Now to Attend E-Conference on Digital Transformation: The Catalyst for Agile and Smarter Process R&D on June 4 at 3:00 - 4:30 PM IST

Register Now to Attend NextGen Chemicals & Petrochemicals Summit 2025 on June 18-19th 2025, The Leela Mumbai

Other Related stories

Startups

Chemical

Petrochemical

Energy

Digitization