Underneath OFS Oman India Joint Funding Fund II, Nrjn Circle of relatives Agree with, Bharat Bhachandra Divgi, Sanjay Bhalchandra Divgi, Ashish Anant Divgi, Arun Ramdas Idgunji and Kishore Mangesh Kalbag will promote stocks.
Proceeds from the brand new factor will likely be used to fund capital expenditure necessities for the acquisition of kit for its manufacturing amenities and basic company functions.
Divgi is an automobile parts department that has the power to broaden and provide gadget degree switch case, torque take hold of and twin take hold of automated transmission (DCT) answers. The corporate has 3 production and meeting amenities situated throughout India.
Mahindra and Mahindra
and Toyota Kirloskar Auto Portions are a number of the corporate’s shoppers.
Inga Ventures and Equirus Capital are the lead managers in this factor. Stocks are proposed to be positioned at the BSE and NSE.