MoneyWorks4Me

Setco Automotive to raise funds up to Rs 100 crore

13 Aug 2015 Evaluate

Setco Automotive has received an approval for issue of securities including Equity Shares, convertible securities, etc. through public or private offerings including Qualified Intuitional Placement (QIP) for raising amount not exceeding Rs 100 crore, subject to the approval of the shareholders and other authorities. The board of directors at their meeting held on August 12, 2015 has approved for the same.

Setco Automotive is a premier manufacturer of clutch products for the Automotive and hydraulic products for Construction Equipment Industry.


Peers
Company Name CMP
SamvardhanaMotherson 157.50
Tube Investments 2338.60
Bosch 45599.85
UNO Minda 1115.00
Bombay Burmah Trdg. 1334.15
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