{"id":614925,"date":"2023-11-04T10:56:46","date_gmt":"2023-11-04T05:26:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=614925"},"modified":"2023-11-04T11:04:22","modified_gmt":"2023-11-04T05:34:22","slug":"raymond-picks-stake-in-mppl-forays-into-aerospace-defence-and-ev-components-biz","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/raymond-picks-stake-in-mppl-forays-into-aerospace-defence-and-ev-components-biz\/","title":{"rendered":"Raymond picks stake in MPPL, forays into aerospace, defence and EV components biz"},"content":{"rendered":"<p>The Raymond Group on Friday announced its foray into aerospace, defence and electric vehicles (EV) components business with the acquisition of a 59.25 per cent stake worth Rs 682 crore in Maini Precision Products Limited (MPPL).<\/p>\n<p>Raymond expects the transaction to be completed in the ongoing financial year, the company said in a stock exchange filing. The acquisition will be funded by a mix of debt and internal accruals. The group will remain net cash positive after the acquisition, it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Raymond Group on Friday announced its foray into aerospace, defence and electric vehicles (EV) components business with the acquisition of a 59.25 per cent stake worth Rs 682 crore in Maini Precision Products Limited (MPPL). Raymond expects the transaction to be completed in the ongoing financial year, the company said in a stock exchange filing. The acquisition will be funded by a mix of debt and internal accruals. The group will remain net cash positive after the acquisition, it said.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-614925","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/614925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=614925"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/614925\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=614925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=614925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=614925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}