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Ujaas Energy seeks approval to raise Rs 500 crore in one or more tranches

01 Sep 2016 Evaluate

Ujaas Energy is seeking shareholders’ approval to raise Rs 500 crore in one or more tranches through issuance of equity or equity-linked instruments. The board of directors is of the opinion that the company requires additional funds to meet the needs of growing business, in addition to the funds raised internally and through debt from banks and financial institutions.

Ujaas Energy is engaged in manufacturing of transformers. Its products include distribution transformers, power transformers, furnace transformers and special purpose transformers.



Peers
Company Name CMP
Waaree Energies 2272.00
Apar Industries 15172.30
Havells India 1005.15
Suzlon Energy 36.95
Siemens 3339.15
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