{"id":615368,"date":"2023-11-06T11:09:59","date_gmt":"2023-11-06T05:39:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=615368"},"modified":"2023-11-06T12:43:52","modified_gmt":"2023-11-06T07:13:52","slug":"raymond-enters-aerospace-sector-to-bolster-engg-biz","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/raymond-enters-aerospace-sector-to-bolster-engg-biz\/","title":{"rendered":"Raymond enters aerospace sector to bolster engg biz"},"content":{"rendered":"<p>Raymond Group on Friday said it will acquire a 59.25% stake in Maini Precision Products Ltd for Rs 682 crore to further strengthen its existing engineering business.<\/p>\n<p>Maini Precision Products Ltd (MPPL) has a presence in aerospace, electric vehicles (EV) and defence. The acquisition is being funded by a mix of debt and internal accruals, Raymond Ltd said in a regulatory filing.<\/p>\n<p>\u201cThis acquisition is a strategic move to further strengthen Raymond\u2019s existing engineering business with a complementing business that has a presence in the sunrise sectors of aerospace, electric vehicles (EV) and defence. The consolidated business caters to the top global OEMs (Original Equipment Manufacturers) and Tier 1 manufacturers across aerospace, defence, auto and industrial businesses,\u201d it added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Raymond Group on Friday said it will acquire a 59.25% stake in Maini Precision Products Ltd for Rs 682 crore to further strengthen its existing engineering business. Maini Precision Products Ltd (MPPL) has a presence in aerospace, electric vehicles (EV) and defence. The acquisition is being funded by a mix of debt and internal accruals, Raymond Ltd said in a regulatory filing. \u201cThis acquisition is a strategic move to further strengthen Raymond\u2019s existing engineering business with a complementing business that has a presence in the sunrise sectors of aerospace, electric vehicles (EV) and defence. The consolidated business caters to the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[224,130,150],"tags":[],"class_list":["post-615368","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-tribune","category-newspapers","category-the-tribune"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/615368","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=615368"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/615368\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=615368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=615368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=615368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}