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JBM Auto gets nod to raise funds

14 Sep 2020 Evaluate

JBM Auto has received approval from board to raise funds aggregate amount not exceeding Rs 500 crore. The Board of Directors in its meeting held on September 12, 2020 has authorized the Key Managerial Personnel of the Company to decide and finalize the terms of the issue of securities for fund raising through various options/ instruments, through further public offering/ private placement basis/ qualified institutional placement (QIP) etc.

JBM Auto is the flagship company of JBM Group.

Peers
Company Name CMP
SamvardhanaMotherson 162.00
Tube Investments 2612.50
Bosch 47840.10
UNO Minda 1207.00
Bombay Burmah Trdg. 1398.95
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