Canbank Venture buys stake in Him Teknoforge

By admin May 12, 2016 1:27 pm IST

  Canbank Venture Capital Fund Ltd. (CVCFL), through its Emerging India Growth Fund, has picked up a minority equity stake in ‘Him Teknoforge Ltd’ (HIM) for a consideration of Rs 30 crore which includes Rs 7.80 crore towards partial buyout of Equity shareholding held by IFCI Venture Capital Funds Ltd. HIM is a manufacturer of forgings and machined components for end use in agri-machinery, automotives, railways, defence and oil and gas sectors. The product range comprises of gears, axles, shafts, levers, flanges, assemblies, sub assemblies, non gear/spider kits, etc.