Man Industries India on Saturday mentioned its board has permitted a plan to lift Rs 300 crore and appointed Sandeep Kumar because the Chief Monetary Officer (CFO).
The corporate plans to lift as much as Rs 300 crore by means of issuance of fairness shares, convertible shares warrants by means of preferential problem, certified establishment placement (QIP), rights problem or a mix thereof, Man Industries India mentioned in an alternate submitting.
The board, at its assembly on Saturday, additionally permitted the appointment of Sandeep Kumar because the Chief Monetary Officer (CFO) and Key Managerial Personnel with impact from January 18, 2025.
In his earlier stints, Kumar has labored with Welspun World Manufacturers Restricted and Raymond Group within the capability of Chief Monetary Officer and Director (Finance), respectively, and others.
MAN Industries (India) is likely one of the largest gamers in LSAW (longitudinal submerged arc welded) pipes, spirally welded pipes and coating techniques.
