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Raymond acquires 59.25% stake in Maini Precision Products for ₹682 crore · Endata

◂ Announcements

Nov 3, 2023ACQUISITIONIndia

Raymond acquires 59.25% stake in Maini Precision Products for ₹682 crore

Raymond Group acquired a 59.25% stake in Maini Precision Products Ltd for ₹682 crore, entering the aerospace, EV and defence components business.

Value

$82.0M (6.82B INR)

Status

Completed

Productsaerospace componentsEV componentsdefence components

CompaniesRaymond Corporation acquirer Ring Plus Aqua acquirer Maini Precision Products target JK Files and Engineering partner

Sectors#Automotive Components #Aerospace Components

“The acquisition is a 'strategic move' that’ll strengthen Raymond’s existing engineering business and will help it foray into aerospace, EV and defence”fortuneindia.com

5 sources
fortuneindia.comRaymond enters aerospace biz with Maini Precision acquisition for ₹682 crfortuneindia.comNov 3, 2023
marketscreener.comIndia's Raymond to buy Maini Precision Products for $82 millionReutersNov 3, 2023
cnbctv18.comRaymond to now make aerospace, defence and EV parts with ₹682 crore acquisition - CNBC TV18Meghna SenNov 3, 2023
business-standard.comRaymond Group to acquire 59.25% stake in Maini Precision for Rs 682 cr | Company News - Business StandardBS Web TeamNov 3, 2023

Summarized from public sources; check the original articles before acting on it.

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business-standard.com

Raymond Group to acquire 59% stake in Maini Precision for Rs 682 crore

Sharleen Dsouza

Nov 3, 2023

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