Ice Make Refrigeration raises INR 1.9B and forms joint venture with Galilei Holdings

Ice Make Refrigeration Limited (ICEMAKE) signed definitive agreements with Galilei Holdings Co. Ltd to raise INR 1,900 million via preferential issue and form a joint venture (60% Galilei, 40% ICEMAKE) to manufacture commercial refrigerators.

“The fund raise marks a significant step in advancing ICEMAKE’s long-term strategic growth vision.”tradealone.com

• 1 source
• tradealone.comIce Make Refrigeration Limited (icemake) Signs Agreements with GalileiShruti BhatiJul 24, 2026

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