Lord's Mark Industries has agreed to issue 1,028,483 equity shares to Bennett, Coleman & Co. Ltd at a price of ₹158 per share.
The transaction is governed by a Share-Cum-Warrant subscription agreement signed between the two entities, marking a significant capital injection for the industrial manufacturer.
5 million, providing Lord's Mark with fresh equity to fund its operational growth.
The deal values the stake at approximately ₹162.5 million, providing Lord's Mark with fresh equity to fund its operational growth.
By securing investment from Bennett, Coleman, the publisher of The Times of India, Lord's Mark aligns itself with a prominent institutional investor, potentially enhancing its corporate credibility and access to broader business networks.
Sachidanand Upadhyay, Managing Director of Lord's Mark Industries, highlighted the strategic importance of the partnership.
The company cited growing institutional confidence in its growth strategy and business model as key drivers for the transaction.