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Private Equity | 7 March 2013

McNally Bharat Raises Funds From Tata Capital

by Vivek Singh
McNally Bharat Raises Funds From Tata Capital
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@Tata_Capital_Fi has invested around R40 Cr in McNally Bharat Engineering through cumulative non-convertible redeemable preference shares. Brijesh Biyani and Vyana Advisory Private Limited have also invested R1 Cr and R60 lakhs respectively.

The R100 face value preference shares will have a dividend coupon of 11.5%, according to BL.

Incorporated in 1961 and a part of Williamson Magor Group, MBEL is engaged in providing turnkey solutions in the areas of Power, Steel, Aluminium, Material Handling, Mineral Beneficiation, Pyroprocessing, Pneumatic Handling of powdered materials including fly ash handling and high concentrate disposal, coal washing, port cranes, civic and industrial water supply etc.

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