Fiem Industries has received its board’s approval to raise upto Rs 120 crore through issue of equity shares via qualified institutional placement /preferential issue to eligible investors. The auto ancillary major will seek approval of its shareholders for the fund-raising plans.
Fiem Industries is one of the leading manufacturers of automotive lighting & signaling equipments and rear view mirrors. The company is supplying its products to almost all major OEMs in the domestic market as well as few global OEMs.
