Asian Paints
2493.6 12.70
Cipla
1559.6 0.60
Eicher Motors
6890.5 -37.00
Nestle India
1204.3 0.10
Grasim Inds
2865.4 22.40
Hero Motocorp
5350 34.00
Hindalco Inds.
750.1 -5.85
Hind. Unilever
2569.7 -11.20
ITC
409.3 -3.80
Trent
5197.5 50.00
Larsen & Toubro
3685.5 17.70
M & M
3633.2 25.20
Reliance Industr
1413.8 8.50
Tata Consumer
1136.3 44.20
Tata Motors
719.15 5.90
Tata Steel
171.36 -0.66
Wipro
254.15 0.14
Apollo Hospitals
7888 35.50
Dr Reddy's Labs
1311.4 1.00
Titan Company
3523 -33.80
SBI
857.15 25.60
Shriram Finance
623.25 5.15
Bharat Electron
412.2 9.30
Kotak Mah. Bank
2050.3 28.60
Infosys
1522.4 11.10
Bajaj Finance
1007.5 4.25
Adani Enterp.
2402 2.60
Sun Pharma.Inds.
1620.2 9.70
JSW Steel
1111 -4.20
HDFC Bank
966.5 -0.35
TCS
3172.8 27.10
ICICI Bank
1419.2 -2.40
Power Grid Corpn
287.15 -1.20
Maruti Suzuki
15801 228.00
IndusInd Bank
739.05 -3.20
Axis Bank
1126 4.80
HCL Technologies
1481.5 -1.60
O N G C
236.88 1.79
NTPC
336.4 1.35
Coal India
399.75 3.95
Bharti Airtel
1941.3 1.80
Tech Mahindra
1547.2 15.70
Adani Ports
1406.1 -2.10
HDFC Life Insur.
768.05 -6.30
SBI Life Insuran
1804 -14.80
UltraTech Cem.
12721 143.00
Bajaj Auto
9084 11.50
Bajaj Finserv
2057 -23.30
Eternal Ltd
328.25 0.95
Knowledge Marine & Engineering Works announced the successful completion of a preferential issue of equity shares and warrants amounting to Rs 284.81 crore (approx. USD 32.30 million).
As part of this round, funds advised by Convergent Finance LLP are going to invest Rs 240 crore (USD 27.2 million) for a 10.3% stake in the Company.
Founded in 2018, Convergent Finance is led by Harsha Raghavan, an industry veteran with 28 years of investment experience, who previously founded and led Fairfax's investment activities in India. The team has a track record of investing more than $2.5 billion over a twelve-year period.
Sujay Kewalramani, Chief Executive Officer of KMEW, also participated, subscribing to Rs 14.80 crore (approx. USD 1.7 million) of warrants.
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