Airlines / Autos

Samvardhana Motherson Finance Limited has raised R222Cr from anchor investors. It has allotted over 1.93 crore equity shares to anchor investors at a price of Rs 115 per share, raising R222.03Cr in the process.

Nagpur Automotive Industries Private Limited has acquired 100% in Adhunik Metaliks' forging subsidiary - Neepaz V Forge India Limited for an enterprise value of R230Cr.

IFC is planning to invest upto $65Mn in ATC Tires Private Limited, a company backed PE firm Warburg Pincus.

Samvardhana Motherson Finance Limited has filed DRHP to raise R1665Cr, which includes a fresh issue of R1344Cr and an offer for sale of R321Cr by Radha Rani Holdings Pte Limited.

Actis PE and UK based CDC Group Plc have exited SML Isuzu by selling their entire 12.33% stake for R73.15Cr at a price of R410 per share.

Nanda family - the promoter group of Escorts Group have bought additional 4% stake in the company from Reliance Asset Management for R32Cr through a bulk deal on BSE. The promoters bought 4.2mn shares for R76 per share.

Sumitomo Corporation has sold 11% stake in SML Isuzu (erstwhile Swaraj Mazda) to Isuzu Motors for about R60Cr in a negotiated sale.

Asia Motor Works Limited is planning to raise $100 Mn for expansion through a mix of debt and equity.

Reliance Industries is planning to acquire stake in debt-ridden Kingfisher Airlines Limited.