Sintercom India Raises INR 22.2 Crore from Miba Sinter
Leading automotive sintered components manufacturers, Sintercom India Limited, raised funds for an aggregate amount of approximately INR 22.2 crore from one of its promoters Miba Sinter Holding GmbH & CO KG, a sintered technology pioneer and a part of the global Miba group. The raise by the Pune based company was based on a preferential private placement after obtaining necessary approvals from the board, shareholders, and other regulatory bodies, in the form of equity shares and compulsory convertible debentures (CCDs) from the promoters.