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[FT IN] Falcon Tyres :: to seek INR40 bn ($865 mn) via debt and equity

[FT IN] Falcon Tyres :: to seek INR40 bn ($865 mn) via debt and equity

Falcon Tyres plans to seek as much as INR40 bn ($865 mn) in debt and equity financing to fund expansion. The company’s Board has approved equity fnancing in the amount of INR10 bn ($216 mn) and to increase the borrowing limit to INR30 bn. The equity capital raise is planned in several stages, the first [...]

February 2 2010 | Posted in Asia -ex, Automobiles & Parts, Automobiles & Parts, COMPANIES, Consumer Goods, India, Stocks, Tires | Read More »

[SONA IN] Sona Koyo :: Fiscal 3Q 2009 in black with PAT of INR68.9 mn

[SONA IN] Sona Koyo :: Fiscal 3Q 2009 in black with PAT of INR68.9 mn

Sona Koyo Steering Systems’s fiscal 3Q 2009 (ending December 31, 2009) Profit After Tax (PAT) was INR68.9 mn versus a loss in 3Q 2008 of INR172.4 mn, on improved efficiencies and stable foreign exchange rates. Net sales in 3Q 2009 rose by 47.17% YoY to INR2,212.1 mn from INR1,503.1 mn in 3Q 2008.
Sona Koyo Steering [...]

January 31 2010 | Posted in Asia -ex, Auto Parts, Automobiles & Parts, Automobiles & Parts, COMPANIES, Consumer Goods, India, Industrial Engineering, Industrial Goods & Services, Industrial Machinery, Industrials, Stocks | Read More »