Announced Fri, 24 Jul · 13:04 IST
Ice Make raises Rs 190 cr via preferential issue; JV with Japan's Galilei
Fund Raising View source PDF
ICEMAKE · price
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₹865.05
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₹865.15
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AI summary
Ice Make will raise about Rs 190 crore via preferential issue of equity shares. Japan's Galilei Holdings (Tokyo-listed) will invest Rs 180 crore, other investors Rs 10 crore. Also forms JV with Galilei (60:40) for commercial refrigerators. Funds for expansion, debt repayment, new office, and acquisitions.
Likely market impact
Raises about Rs 190 cr from Japan's Galilei for expansion, debt repayment, and acquisitions. Subject to shareholder and exchange approvals.