MAN Industries to Raise ₹300 Cr via Preferential Allotment

MAN Industries (India) Ltd. has approved a proposal to raise up to ₹300 crore through a preferential allotment of convertible warrants and equity shares to its Promoter Group entity and non-promoter investors. The move is subject to shareholder and regulatory approvals. The company has reportedly received strong interest from reputed investors.
To obtain the necessary clearances, the company will convene an Extraordinary General Meeting (EGM) on June 25, 2025, via video conferencing.
As part of the allotment, 12,19,512 convertible warrants will be issued to Man Finance Private Limited, a Promoter Group entity, at ₹328 each, amounting to approximately ₹39.99 crore. Each warrant is convertible into one equity share within 18 months of allotment.
Nikhil Mansukhani, Managing Director, stated, “The proposed capital raise marks a significant step toward reinforcing our growth strategy. It will enable us to enhance execution capabilities, support strategic expansion, and continue delivering value to our stakeholders.”