Him Forgings Limited, an automotive components forging unit at Himachal Pradesh, wanted to implement an aggressive expansion plan and raise equity funds for the same. After taking into account various factors involved, we advised the company not to dilute the promoter holding in the parent company and instead, raise the equity in the subsidiary company Him Teknoforge Limited. The client saw merit in our advice and implemented the project as advised. We also syndicated a term loan of Rs. 48 million for the project from Industrial Development Bank of India (IDBI), a major financial institution.

Alps Industries Limited was advised by us to set up their integrated textile mill at a cost of Rs. 200 million as an Export Oriented Unit. It was solely on this advice that the client saved Rs. 15 million in customs duty alone, not to mention other taxation benefits accruing to them for 8 subsequent years.

MGM Metallisers Limited, Daman, Maharashtra, a polyester film metallising unit proposed to merge with another group company. After a detailed study of the emerging industrial scenario and keeping in view the cross holdings of the promoters, we advised them to sell the company. Presently, we are assisting the client in negotiating with a buyer and complying with all legal formalities to carry out the sale.