The board of Man Industries India has approved a plan to raise Rs 300 crore

Man Industries India on Saturday said its board has approved a Rs 300 crore capital raising plan and appointed Sandeep Kumar as Chief Financial Officer (CFO). The company plans to raise up to Rs 300 crore through share issue, convertible shares through special issue, qualified institutional placement (QIP), rights issue or a combination thereof, Man Industries India said in an exchange filing. The board, in its meeting on Saturday, also approved the appointment of Sandeep Kumar as the Chief Financial Officer (CFO) and Key Management Personnel with effect from January 18, 2025. In his earlier studies, Kumar worked with Welspun Global Brands Limited and Raymond Group as Chief Financial Officer and Director (Finance), respectively, among others. MAN Industries (India) is one of the major players in LSAW (longitudinal submerged arc welded) pipes, spiral welded pipes and coating systems. 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