Joined in 2023 
82 
63 About this deal
Enduring and trusted channel relationships across generations, with some even spanning over 50 years
Mr. Krishna Samraj is the managing director of Magna Electro Castings Ltd. He is also ex-president for Institute of Indian Foundrymen (apex body for foundry in India). Promoters have raised their stake 20% in last 10 years. Shareholding of promoters has increased from 32.41 % in 2011 to 52.58% in 2021.
Total Pageviews
Last year company has raised the fund through Rights Issue of up to 59,62,373 equity shares of face value of Rs 1 each for cash at a price of Rs 82 per rights equity share in the ratio of 1:43 fully paid-up equity shares held by the eligible equity shareholders. To complete the vertical supply chain and offer complete denim solutions to fashion forward customers, Raymond has set up state-of-the art denim-wear facility Everblue Apparel Ltd (EBAL) in an integrated textile park near Bengaluru India. The denim garmenting business offerings include products like super premium jeans and other apparels which are supplied to top global and Indian fashion brands. Let's chat kabuki brushes—they’re compact, cute, and incredibly versatile, perfect for applying all kinds of face makeup. Fun fact alert: They were originally named after the Japanese theatre, where actors used them to apply heavy layers of white rice powder across their entire faces. Gambling problem? Call 1-800-GAMBLER (MI/NJ/PA/WV/WY), 1-800-9-WITH-IT (IN), 1-800-522-4700 (CO), 1-800-BETS OFF (IA), 1-888-532-3500 (VA), 1-800-NEXT STEP (AZ), or call/text TN REDLINE 1-800-889-9789 (TN). Magna has best in industry casting facilities include pattern-making, sand plant, coreshop, melting, green sand moulding, furan fast loop line , heat treatment, and fetting facilities.
Up till now Nirma Group has not left any stone unturned to revive this company It is continuously poring the money since long period and now subscribing the maximum portion of the right issue. The Nirma group has continuously given unconditional and irrevocable guarantee for external bank loan facility to SRMTL which ensure the smooth operation and timely servicing of debt. The company will use the all fund raised through the recent right issue to pay the old debt after that negligible long term debt will left on the company. It is extremely positive development for investors. A fashion retail debt-free company with turnover more than 8000 crore will command premium valuation to its peers.
Join the Guide Mailing List - Free
Angled shapes like the Real Techniques Angled Kabuki Brush are better for precision techniques, such as contouring or applying bronzer. Rounder shapes like the E.l.f. Kabuki Face Brush offers a softer, seamless blend. The company has state-of-the-art factory with built in area of 25000 sqm ( 6.1 acre). As part of the green initiative of clean energy the company has installed wind mills with aggregate capacity of 4 MW for captive consumption purposes and the power generated from the wind millsfeeds more than 60% of the power requirement of the company. Raymond Limited will use the fund from monetization of 40 acre land and Engineering business to deleverage its balance sheet with the aim to become debt free company within 3 years.
Magna Electro Castings Limited was incorporated as a public limited company in 1995.Magna is specialized in the manufacturing of castings and machined components of ductile iron, grey iron, spheroidal graphite iron, iron alloys, castings-machined, unmachined and steel components. It manufacture the castings in the weight range of 300 grams to 2000 kilograms. Magna also adds value by heat treatment, surface treatments and machining so that the products are ready to assemble. https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/6/92637f3a-2bfc-413c-9d0d-ae12eba50e6c.pdfMagna has accredited metallurgical laboratory, non-destructive testing and metrology departments have facilities to carry out OES, combustion and gas fusion chemical analysis, hardness testing, microstructural examination, sand testing, radiography, dye penetrant, magnetic particle, ultrasonic inspection, Fully Automatic Brown & Sharpe CMM and laser scanning. The Ayurveda principle is preserving the health of healthy persons and curing the diseases of diseased.
Great Deal 
New Comment