Hinduja Foundries is planning to raise around Rs 300 crore from its promoters to cover the huge losses due to adverse market conditions. The funds will be used for working capital and other fund requirements
The foundry arm of Hinduja Group has decided to issue Non-Cumulative Convertible Preference shares which would be subscribed by the promoters of the company. Of total amount Rs 150 crore has been subscribed to and paid by one of the promoter - Ashok Leyland during September-October this year. The balance Rs 150 crore, as per the current schedule of subscription, is expected to be subscribed in March 2013.
| Company Name | CMP |
|---|---|
| AIA Engineering | 3970.80 |
| Alicon Castalloy | 745.25 |
| Nelcast | 160.00 |
| Steelcast | 287.55 |
| Synergy Green Inds. | 581.55 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: