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MG Motor India plans to net $500 m locally in capex push

MG Motor, owned by China’s SAIC Motor Corp, is planning to raise $350-500 million (₹2,650-3,800 crore) in private equity in India to fund its future needs, including expansion in electric vehicles (EVs). The maker of the Hector and Astor SUVs is seeking to tap the local market because of a delay in getting government approval…

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MG Motor India plans to net $500 m locally in capex push

MG Motor, owned by China’s SAIC Motor Corp, is planning to net $350-500 million (₹2,650-3,800 crore) in inner most fairness in India to fund its future needs, including growth in electrical vehicles (EVs). The maker of the Hector and Astor SUVs is seeking to tap the native market thanks to a prolong in getting government acclaim for recent investment from the Chinese language parent.MG Motor India has already initiated talks with inner most fairness traders…
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Main person cos to proceed capex

Several leading consumer facing companies including Hindustan Unilever, Britannia, Voltas, Havells, Blue Star and Titan Company are going to continue their high capital expenditure (capex) and expansion this fiscal as that in FY23, senior executives told ET and analysts in recent earning calls.Much of the capex is ear-marked for new factories…

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Main person cos to proceed capex

A lot of main person facing companies together with Hindustan Unilever, Britannia, Voltas, Havells, Blue Smartly-known person and Titan Company are going to proceed their excessive capital expenditure (capex) and growth this fiscal as that in FY23, senior executives informed ET and analysts in contemporary incomes calls.Much of the capex is ear-marked for ticket spanking contemporary factories…
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“Under my leadership, Cong purchased 135 seats,” DKS

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