Bharat Value fund invests ₹130 crore in Veira Electronics in pre-IPO round
2 weeks, 3 days ago

Bharat Value fund invests ₹130 crore in Veira Electronics in pre-IPO round

Live Mint  

Consumer electronics products manufacturer Veira Electronics raised ₹130 crore from Bharat Value Fund, marking a closure of its pre-IPO placement round, the company said on Tuesday, March 3, in a press release. Our investment in Veira is a step in contributing to the growth of India’s growing and evolving TV market with key players that have the potential to reshape TV manufacturing," said Madhu Lunawat, CIO of Bharat Value Fund. Bharat Value Fund is a mid-market sector fund house that invests in profitable growth-stage companies. Commenting on the investment by Bharat Value, Ankit Mani, MD at Veira Group, said that by combining its market expertise with BVF’s robust financial backing, it is well-positioned to maximize shareholder value and drive sustainable growth.

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History of this topic

Bharat Electronics stock jumps 4% to all-time high on ₹3,915 crore order win
1 year, 3 months ago

Bharat Electronics stock jumps 4% to all-time high on ₹3,915 crore order win

Live Mint  

Shares of Bharat Electronics zoomed 3.6% in early trade on Thursday to hit a new all-time high of ₹161.80 apiece after the company received new orders worth ₹3,915 crore. In an exchange filing on Wednesday, the company said that it received orders worth ₹3,915 crore, which include a ₹580 crore order from the Indian Army for AMC of Radars, and …

Manappuram Finance, Bharat Dynamics among HDFC Securities’ fundamental picks
1 year, 3 months ago

Manappuram Finance, Bharat Dynamics among HDFC Securities’ fundamental picks

Live Mint  

The Indian stock market is witnessing a decent rally with the benchmark Nifty 50 index reclaiming 20,000 level on Wednesday led by positive domestic and global market cues. HDFC Securities is bullish on Manappuram Finance, Bharat Dynamics and IOL Chemicals & Pharmaceuticals and advises investors to buy these stocks and add at lower levels for an upside of up to …

Vedanta to invest up to USD 20 bn in semiconductor biz in India, rollout by 2025
3 years, 1 month ago

Vedanta to invest up to USD 20 bn in semiconductor biz in India, rollout by 2025

The Hindu  

Indian conglomerate Vedanta has earmarked $15 billion for its foray into the electronic chip and display manufacturing space, and plans to scale up the investment to as much as $20 billion, a senior company official said. It expects to roll out display units, for use in mobile phones and electronics devices, by 2024 and electronic chips from Indian manufacturing plants …

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