OBSC Perfection to Raise ₹86.52 Crore via Preferential Issue at ₹601 Per Share
The Board of Directors of OBSC Perfection Limited has approved a significant capital infusion of ₹86.52 crore through a preferential issue of equity shares. This strategic fundraise, involving two non-promoter institutional entities, aims to bolster the company's capital base as it expands its footprint in the auto parts and equipment industry.
Greaves Cotton Subsidiary GEML Completes ₹530 Crore Rights Issue for EV Expansion
Greaves Electric Mobility Limited (GEML), the e-mobility arm of Greaves Cotton, has successfully completed a ₹530 crore rights issue. The capital infusion, backed by anchor investors Greaves Cotton and Abdul Latif Jameel, is designated for accelerating technology development and next-generation product launches in the electric vehicle segment.
IP Rings Ltd Expands Manufacturing Footprint with New Lease Agreement for Capacity Growth
IP Rings Ltd has officially entered into a lease agreement to establish an additional manufacturing facility. This expansion is strategically aimed at increasing production capacity to meet the growing demand from its business partners and automotive clients.
Hero MotoCorp Launches VIDA VX2 Go FB Electric Scooter Variant at ₹1.13 Lakh
Hero MotoCorp has expanded its electric mobility portfolio with the launch of the VIDA VX2 Go FB variant, featuring a 3.1 kWh fixed battery. This introduction adds direct-plug charging flexibility to the brand's existing lineup, catering to diverse Indian household charging preferences.
TVS Motor Company Launches TVS Orbiter Electric Scooter in Nepal with 158 km Range
TVS Motor Company has launched the TVS Orbiter electric scooter in Nepal, marking a strategic expansion of its international electric vehicle portfolio. The vehicle introduces segment-first hardware and advanced safety technology designed to address the growing demand for sustainable urban commute solutions.
Ather Energy Raises ₹1300 Crore via QIP: Allots 1.08 Crore Shares at ₹1,202 Each
Ather Energy has completed a ₹1,300 crore fundraise through a Qualified Institutions Placement (QIP), allotting over 1.08 crore equity shares to a diverse group of institutional investors. This capital infusion at a premium price of ₹1,202 per share significantly strengthens the electric two-wheeler manufacturer's balance sheet for upcoming growth phases.
Greaves Cotton to Invest ₹331 Crore in Greaves Electric Mobility via Rights Issue
Greaves Cotton Limited has announced that its Board of Directors approved a full subscription of its entitlement in the rights issue of its material subsidiary, Greaves Electric Mobility Limited. This ₹331 crore capital infusion is designed to strengthen the subsidiary’s financial position within India’s competitive electric mobility landscape.
JBM Auto Unveils Next-Gen GALAXY Electric Luxury Coach with 900 km Daily Range Capacity
JBM Auto has launched its next-generation GALAXY electric luxury coach at Prawaas 5.0 in Gandhinagar. The vehicle represents India's first indigenous sleeper and seater electric coach, designed to target the premium inter-city travel segment with a high-capacity configuration.
Shuchi Arora Consolidates 39.73% Stake in Jullundur Motor Agency via Share Transmission
Promoter Shuchi Arora has acquired a 31.55% equity stake in Jullundur Motor Agency (Delhi) Limited through the transmission of shares from Late Santosh Sondhi. This transfer consolidates her individual holding to 39.73%, maintaining the promoter group's overall stability while transitioning leadership to the next generation.