MAN Industries to Raise Rs 3 Billion Via Equity and Warrants

03 Jun 2025 CW Team

MAN Industries (India) Ltd. has announced that its Board of Directors has approved a capital raise of up to Rs 3 billion through a preferential allotment of equity shares and convertible warrants. The move, subject to shareholder and regulatory approvals, aims to fund the company’s expansion projects and strengthen its balance sheet.

The proposed allotment includes the issuance of 1.22 million convertible warrants to promoter group entity Man Finance Private Limited at Rs 328 each (inclusive of a Rs 323 premium), aggregating to approximately Rs 400 million. Each warrant will be convertible into one equity share within 18 months of allotment.

The funds raised will be deployed to meet ongoing capital expenditure for the company’s manufacturing expansions in Jammu and Saudi Arabia, address working capital needs, and support long-term strategic initiatives.

An Extraordinary General Meeting (EGM) will be held virtually on 25 June 2025 to seek shareholder approval for the proposal.

Managing Director Nikhil Mansukhani commented, “The capital infusion is a strategic move that will strengthen our execution capabilities, bolster growth momentum, and enhance long-term shareholder value.”

Infrastructure Transport

12 Jan 2026

Dhalbhumgarh Airport Faces 150-km Rule Hurdle

The issue has resurfaced following a recent statement by Union Civil Aviation Minister Ram Mohan Naidu, who said that under existing aviation policy, a new greenfield airport is generally not permitted within an aerial distance of 150 kilometres of an operational civilian airport. He added, however, that if a formal proposal is submitted, its impact on the existing airport can be examined and relaxations may be considered on a case-by-case basis. While the clarification has revived some hope for Dhalbhumgarh, it has also underlined the scale of the technical challenge facing the project. Unde..

Stakeholders Seek Parallel Ops For Vizag Airports

With road and metro rail links to Bhogapuram still several years away, stakeholders in north Andhra Pradesh have renewed demands to continue civil operations at INS Dega even after the commissioning of Bhogapuram International Airport. The new airport is expected to begin commercial operations from June. Officials said close to 80 per cent of the airport infrastructure at Bhogapuram, including the terminal building and internal approach roads, has already been completed. However, inadequate external connectivity remains a key concern. Making a case for parallel operations, Andhra Pradesh Air ..

Govt To Roll Out V2V Tech To Cut Road Crashes

In an effort to curb road accidents, particularly in low-visibility conditions such as dense fog, the government is set to roll out vehicle-to-vehicle (V2V) communication technology that will allow cars to exchange real-time data and alert drivers to potential dangers. The announcement was made by Union Road Transport and Highways Minister Nitin Gadkari after the 43rd meeting of the Transport Development Council. The technology involves installing an on-board unit (OBU) in vehicles, enabling wireless data exchange between nearby cars. This will allow vehicles to share information such as spee..