MG Motor India to dilute shareholding to support expansion plans

TusharK · 17th January 2023, 12:41

MG Motor India is reportedly looking to tap into the capital market or raise funds through a financial or strategic investor to support its expansion plans.

MG Motor India to dilute shareholding to support expansion plans-2023mghectorfacelift03.jpg

According to a media report, MG plans to dilute shareholding in its fully-owned Indian subsidiary. However, the process has been delayed due to higher government scrutiny.

MG plans to set up a second manufacturing unit in India. The brand plans to 'Indianise' more through the localization of management and products. CEO Rajeev Chaba stated that the company needs a credible financing option to support long-term expansion. It could also launch an IPO to secure funding.

Earlier this month, MG launched the facelift version of the Hector and Hector Plus SUVs. The carmaker is now gearing up to introduce a more mass-market electric car.

Source: TOI

Link to Team-BHP News

prajwalmr62 · 17th January 2023, 13:45

It would be interesting if they go through the IPO route. If there's no repercussions from China for this, there would be many companies following this route for sure.

17th January 2023, 12:41	#1
TusharK Senior - BHPian Join Date: Jul 2017 Location: Pune Posts: 6,272 Thanked: 55,854 Times	MG Motor India to dilute shareholding to support expansion plans MG Motor India is reportedly looking to tap into the capital market or raise funds through a financial or strategic investor to support its expansion plans. According to a media report, MG plans to dilute shareholding in its fully-owned Indian subsidiary. However, the process has been delayed due to higher government scrutiny. MG plans to set up a second manufacturing unit in India. The brand plans to 'Indianise' more through the localization of management and products. CEO Rajeev Chaba stated that the company needs a credible financing option to support long-term expansion. It could also launch an IPO to secure funding. Earlier this month, MG launched the facelift version of the Hector and Hector Plus SUVs. The carmaker is now gearing up to introduce a more mass-market electric car. Source: TOI Link to Team-BHP News Last edited by TusharK : 17th January 2023 at 12:43.
	(7) Thanks

17th January 2023, 13:45	#2
prajwalmr62 BHPian Join Date: Dec 2020 Location: Sagara Posts: 240 Thanked: 1,168 Times	Re: MG Motor India to dilute shareholding to support expansion plans It would be interesting if they go through the IPO route. If there's no repercussions from China for this, there would be many companies following this route for sure.
	(2) Thanks