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03-Jan2019

Autoline Industries enters into investment agreement with IndiaNivesh Renaissance Fund

Autoline Industries has entered into an Investment Agreement with IndiaNivesh Renaissance Fund (Category II alternative investment fund) managed by IndiaNivesh First Bridge Fund Managers and executed the agreement on January 02, 2019. IndiaNivesh Renaissance Fund is investing fund of Rs 35 crore in the company by way of subscribing convertible share warrants pursuant to the shareholders' approval received on November 16, 2018.

Autoline Industries is engaged in the manufacturing of various auto parts/sheet metal components for passenger cars, sports utility vehicles (SUV), commercial vehicles, two-wheelers, three-wheelers, tractors, etc. The company is also exporting auto parts i.e. brake shoes for Mercedes Benz trailers to Saudi Arabia, Dubai, etc. 


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