Tata Capital Financial Services 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.
Rollatainers Limited has signed an agreement with Japanese firm – Toyo Machine Manufacturing Co. Limited to form 50:50 JV.The JV will develop, design, assemble, manufacture, produce industrial machines and spare parts for production packaging and printing machines for all kinds ...
Fastudent, a B2B2C education e-commerce marketplace has announced a Pre-Series A fund raise from a group of investors including Kanwaljit Singh Fireside Ventures, Ajay Lakhotia former Vertex Venture Director and Pavan Ongole former SoftBank Director. Ashish Gupta, Trustee Ashoka University and former COO of eValueServe who invested in angel round also participated.