The Board of Directors (BOD) of Kabra Extrusion Technik Ltd has approved a proposal to raise Rs 301 crore to expand its future technologies brand Battrixx, the company said on Saturday. Of this, Rs 101 crore will be introduced initially by issuing warrants to promoters and foreign investors. In comparison, Rs 200 crore will be mopped up through financial institutions for the working capital, the company said in a release.
- What To Expect From Stallion India Fluorochemicals IPO: Latest GMP & Share Price
- Persistent Systems Shares Surge 5% on Launching ContractAssIst
- Adani Green Energy Shares Soar 7% as Arm Comisiones 57 MW Wind Power Component
- IRFC Shares Rally 3% on Emerging L1 for Banhardih Coal Block Financing
- Minda Corporation Shares Rally 5% on Plans to Acquire Stake in Flash Electronics
A part of the city-based Kolsite Group and leading manufacturer of plastic extrusion machinery, Kabra Extrusion Technik recently ventured into the production of lithium-ion battery packs.
According to the company, Battrixx is positioned to provide a wide range of advanced Li battery packs with a smart battery management system (BMS).
Stock Covered in the news
