Breaking News

You are here » Indian-Commodity  :  IPO  :  Mahindra Two Wheelers plans to raise Rs 700 crore via IPO

21-Jan2013

Mahindra Two Wheelers plans to raise Rs 700 crore via IPO

Mahindra & Mahindra's subsidiary Mahindra Two Wheelers is looking forward to raise Rs 600-700 crore through initial public offering (IPO) route to fund capital investments.

The company is planning to invest about Rs 500 crore in research and development (R&D) facilities over the next five years and launch at least three variants of scooters and one of a motorcycle (the 300 cc Mojo) this year. It has already invested Rs 100 crore in its two-wheeler R&D centre in Pune.

In 2008, Mahindra forayed into the two-wheeler segment, after its board of directors had approved the acquisition of Pune-based Kinetic Motor Company's business assets. The acquisition was carried out through a new company, which was later named Mahindra Two Wheelers.


Related News

View all news

HK Trade International to hit capital markets for raising Rs 2.29 crore

HK Trade International is coming out with an initial public offering (IPO) of 12,72,000 equity shares of face value of Rs 10 each to raise Rs 2.29 crore for cash at a fixed price of Rs 18 per equity share.......

Pennar Engineered Building Systems' IPO to open on August 25

Pennar Engineered Building Systems is coming up with an initial public offer (IPO) which includes a fresh offer of Rs 58 crore and an offer for sale of 55.16 lakh shares by selling shareholders Zephyr......

UFO Moviez to hit capital markets for raising Rs 600 crore

UFO Moviez is entering in the capital markets with an initial public offering (IPO) aggregating Rs 600 crore. The price band for the issue has been fixed at Rs 615 at lower level and Rs 625 at upper level.......

Top News

View all news

RIL, ONGC and Lupin to see some action

Reliance Industries (RIL), owner of the world's biggest refining complex, imported nearly 25 percent more oil in July compared with the previous month, when it had slowed purchases due to a planned maintenance......

Monsoon uncertainty still a risk for inflation: RBI

RBI in its Annual Report for 2014-15  has said that uncertainty in the progress and distribution of monsoon, a key factor in performance of the farm sector, continues to be a risk for......

Bharti Airtel, Sun TV and Cairn India to see some action

Bharti Airtel, a leading global telecommunications services provider with operations, has signed a definitive agreement to acquire 100% equity stake in Augere Wireless Broadband india (Augere), which holds......