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Showing posts from July, 2023

Theis Precision is fully acquired by BDK Valves and Gurukrupa Group

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National, July 26, 2023 (PRN): BDK Valves(a leading manufacturer of Industrial valves providing flow control solutions to global customers) and Gurukrupa Group (a leading realty developer in western India), announced the successful acquisition and controlling (100%) stake in Theis Precision Steel India Pvt. Ltd. (Theis Precision). This is the second acquisition of international companies by the promoter group to serve customers in India & across the world.  Theis Precision, formerly owned by Tata Steel Ltd., is a pioneer in specialty cold rolling of high/ medium carbon steels in India. Today, it is a leading specialty cold rolled steel strips manufacturer in the country. It also is the only manufacturer of precision hot rolled solid steel profile sections, by a unique process, to satisfy the customers whose needs may be small in quantity but expectations are large. Theis Precision caters to the need of various market segments such as automotive, textile machinery, cutting blad...

Vinsys IT Services set price band at Rs 121-128/share; IPO to open on Aug 1, 2023

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Vikrant Patil, CEO & MD, Vinsys IT Services India Ltd   Singapore-based NAV Capital Emerging Star Fund and Swiss-based xMultiplied participate in the Pune-headquartered IT services and software services company funding round Other marquee investors include Nova Global Opportunities Fund, Aegis Investment Fund and Sambhavnath Investments, among others   MUMBAI, 25 JULY, 2023 (PRN):  Vinsys IT Services India Limited (Vinsys IT), a global IT and software services and software company headquartered in Pune, today announced that it has set the price of Rs 121/- to Rs 128/- (Face Value of Rs 10/-) for its forthcoming public offering. The issue will open on August 01, 2023, and close on August 04, 2023. The company plans to offer 3.89 million equity shares of Rs 10/- each through the book-building process. Beeline Capital Advisors are the merchant banker to the issue, while Link Intime India is the registrar to the issue. The company will raise Rs 49.84 crore through the pub...