Sintercom India Ltd. raises INR 222 million from its promoter entity Miba Sinter Holding Gmbh & CO KG
Mumbai (Maharashtra) [India], March 5 (ANI/PRNewswire): Sintercom India Limited (Company), a Pune-based company, has announced that it has completed the raising of funds on a preferential private placement basis in the form of equity shares and compulsory convertible debentures (CCDs) from one of its promoters Miba Sinter Holding GmbH & CO KG (Miba), for an aggregate amount of approximately Rs 222 million, after taking the necessary approvals from the Board, shareholders and other regulatory bodies. The proceeds of the preferential issue will be used to help facilitate the Company with addi...
Source: business-standard.com