MoneyWorks4Me

Jay Ushin gets nod to raise Fund up to Rs 75 crore

16 Aug 2013 Evaluate

Jay Ushin’s Board of Director at its meeting held on August 14, 2013, has accorded its consent for exploring capital raising / fund raising alternatives for an amount not exceeding Rs 75 crore, subject to all applicable statutory/ regulatory approvals and appointment of intermediaries, if any and other relevant matters shall be decided by Issue committee of Board constituted for this purpose.

Jay Ushin is a major OE supplier  to almost all makers of four wheeler as well as two wheelers in India includes Maruti Suzuki , Hyundai Motors India, General Motors, Honda Siel, Honda Motor Cycle & Scooters Division, Mahindra & Mahindra and Tata Motors.

Peers
Company Name CMP
SamvardhanaMotherson 165.60
Tube Investments 2519.15
Bosch 48100.00
UNO Minda 1218.00
Bombay Burmah Trdg. 1435.30
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