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Electrotherm India gets nod to raise up to Rs 200 crore

13 Jul 2017 Evaluate

Electrotherm (India) has received an approval for raising funds in the form of equity and/or convertible securities by way of qualified institutional placement (QIP) / Preferential Allotment/ FCCB /ADR/GDR/ Right Issue or any other method linked to equity / preference shares / any instrument or securities representing convertible securities up to Rs 200 crore. The board of directors at their meeting held on July 13, 2017, has approved for the same.

Electrotherm (India) is engaged in the manufacturing of steel, electric vehicle and providing engineering services. The company also manufactures electric vehicles and markets it under the brand name Yo-bykes.

Peers
Company Name CMP
JSW Steel 1221.65
Tata Steel 172.30
Steel Authority 169.30
Jindal Stainless 733.35
APL Apollo Tubes 2067.80
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