India Business News: Raymond group has acquired a 59.2% stake in Maini Precision Products for Rs 682 crore through a combination of debt and internal accruals. The transac
Raymond Group In Auto Industry: This acquisition is a strategic move to strengthen Raymond’s existing engineering business. The consolidated business will cater to the top global OEMs and tier 1 manufacturers across aerospace, defence, auto and industrial businesses.
The company said this acquisition will further strengthen Raymond’s existing engineering business with a complementing business that has presence in the sunrise sectors of Aerospace, Electric Vehicles (EV) and Defense.
Raymond Group buys 59.25 per cent stake in Maini Precision Products for ₹682 crores thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Raymond Group has announced the acquisition of 59.25 per cent stake in Maini Precision Products Limited (MPPL) for Rs 682 crore funded by a mix of debt and internal accruals.This acquisition is a strategic move to further strengthen Raymond's .