Tenneco Clear Air India IPO: Tennco Clear Air India Restricted, the automotive element, has submitted a draft with the Capital Market Regulator SEBI for its IPO. The corporate needs to lift Rs 3,000 crore with the assistance of this supply. Draft Crimson Herring Prospectus (DRHP) states that the IPO will solely have a suggestion on the market, by which shares shall be offered by Promoter Tennco Mauritius Holdings Restricted. New shares is not going to be issued, as a result of which your complete earnings coming from the IPO will go to the share sellers. The corporate is not going to get any cash. JM Monetary, Citigroup World Markets India, Axis Capital and HSBC Securities and Capital Markets (India) Non-public Restricted, Ebook Operating Lead Supervisor for IPO. Tennco Clear Air India Restricted is a part of the Tennco Group with Headquarters within the US. 12 manufacturing crops in India Clear Air India Restricted India Restricted India’s Unique Tools Producers (OEM) and Export Markets make Important, Extremely Engineer Clear Air, Energy and Society Options and Social Markets. Provides The corporate’s promoters embrace Tennco Mauritius Holdings Restricted, Tennco (Mauritius) Restricted, Federal-Mogul Funding BV, Federal-Mogul Non-public Restricted and Tennaco LLC. Tennco Clear Air India Restricted has 12 manufacturing crops in India. It served 119 clients throughout FY 2024-25. These embrace the highest 7 OEM and business truck making of passenger automobiles and the highest 5 OEMs of economic vehicles. Manipal Cost and Id Options IPO: Credit score-Debit Card making firm will deliver an organization of ₹ 1200 crore, DRHP ISU, DRHP shall be drunk. Timken India, SKF India, ZF Industrial Car Management System India, Sharda Motor Industries, Gabriel India, UNO MINDA, Sona BLW Prisons The revenue of Tennco Clear Air India Restricted in FY 2024-25 elevated by 32.7 % to Rs 553.1 crore. Income fell by 10.6 % to Rs 4,890.4 crore. Disclaimer: Right here data offered is being offered right here just for data. It’s obligatory to say right here that the funding market available in the market is topic to dangers. All the time seek the advice of specialists earlier than investing cash as an investor. There’s by no means recommendation to anybody to take a position cash on behalf of Moneycontrol.
Supply hyperlink
