Ratnaveer Precision Engineering to Raise ₹2.11 Billion via Equity Shares

Ratnaveer Precision Engineering Ltd has approved a proposal to raise ₹2.11 billion through the issuance of equity shares, signaling a strategic move to bolster its financial position and fuel expansion plans. The decision comes amid growing investor interest in the company’s precision engineering and stainless steel product portfolio.

 

The capital infusion is expected to strengthen Ratnaveer’s balance sheet, enhance working capital, and support new product development. Analysts believe this fundraising effort will boost liquidity and improve the company’s ability to scale operations in domestic and international markets.

 

Market observers suggest that the equity issuance could attract institutional investors, further solidifying Ratnaveer’s presence in the engineering and manufacturing sector.

 

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Source: Economic Times | EquityPandit | Moneycontrol