Marsons in talks with strategic investors to raise funds

"In order to expedite the execution of orders, the company is looking to overcome the working capital constraints by means of a strategic investment into the organisation." said the company.

By: PTI | New Delhi | Published:September 20, 2016 12:11 pm

Power transformers maker Marsons Ltd today said it has initiated talks with strategic investors to raise funds to meet working capital requirements.

“In order to expedite the execution of orders, the company is looking to overcome the working capital constraints by means of a strategic investment into the organisation… In this regard, the company has reported the initiation of discussions with different strategic investors,” Marsons said in a BSE filing.

The company added it has an order book in excess of of Rs 175 crore. Shares of Marsons are were trading 2.91 per cent higher at Rs 13.10 on BSE.