Latest news with #MorganStanleyAsia
Mint
23-07-2025
- Business
- Mint
Small-cap stock under ₹200 declares ₹160 crore fundraise through QIP. Check details
Rajoo Engineers, the plastic extrusion machinery manufacturer, on Wednesday, has announced raising ₹ 160 crore through Qualified Institutional Placement (QIP). Rajoo Engineers QIP was executed through the issuance of 1,46,78,900 equity shares at ₹ 109.00 per share (face value ₹ 1 each). The QIP opened on July 15, 2025 and closed on July 21, 2025. Institutional investors, including Morgan Stanley Asia (Singapore), Rajasthan Global Securities Pvt. Ltd., Moneywise Financial Services Pvt. Ltd, HDFC Bank, Credit Access Life Insurance, BNP Paribhas Financials Markets – ODI, Dovetail India Fund - Class 14, among others, participated in the QIP. 'This QIP has significantly enhanced Rajoo's institutional investor base, with Foreign Institutional Investor (FII) holding increasing to 3.8% and Domestic Institutional Investor (DII) holding rising to 4.46% post- issue,' Rajoo Engineers said in a release on July 22. The company plans to utilize the net proceeds to pursue inorganic growth through strategic acquisitions aimed at expanding scale, product offerings and market presence. The acquisition strategy focuses on complementary businesses, geographic expansion, technological advancement and synergy-driven growth opportunities, it added. Rajoo Engineers share price has gained 13% in one month, but has fallen 15% three months and declined 38% over the past six months. On a year-to-date (YTD) basis, the smallcap stock has dropped 44%, while it has declined 13% in one year. However, in the long-term, Rajoo Engineers share price has delivered stellar returns as the small-cap stock has jumped 595% in two years and skyrocketed 3,685% over the past five years. At 11:20 AM, Rajoo Engineers share price was trading 2.61% lower at ₹ 130.60 apiece on the BSE.
Mint
23-07-2025
- Business
- Mint
Small-cap stock under ₹200 declares ₹160 crore fundraise through QIP. Check details
Rajoo Engineers, the plastic extrusion machinery manufacturer, on Wednesday, has announced raising ₹ 160 crore through Qualified Institutional Placement (QIP). Rajoo Engineers QIP was executed through the issuance of 1,46,78,900 equity shares at ₹ 109.00 per share (face value ₹ 1 each). The QIP opened on July 15, 2025 and closed on July 21, 2025. Institutional investors, including Morgan Stanley Asia (Singapore), Rajasthan Global Securities Pvt. Ltd., Moneywise Financial Services Pvt. Ltd, HDFC Bank, Credit Access Life Insurance, BNP Paribhas Financials Markets – ODI, Dovetail India Fund - Class 14, among others, participated in the QIP. 'This QIP has significantly enhanced Rajoo's institutional investor base, with Foreign Institutional Investor (FII) holding increasing to 3.8% and Domestic Institutional Investor (DII) holding rising to 4.46% post- issue,' Rajoo Engineers said in a release on July 22. The company plans to utilize the net proceeds to pursue inorganic growth through strategic acquisitions aimed at expanding scale, product offerings and market presence. The acquisition strategy focuses on complementary businesses, geographic expansion, technological advancement and synergy-driven growth opportunities, it added. Rajoo Engineers share price has gained 13% in one month, but has fallen 15% three months and declined 38% over the past six months. On a year-to-date (YTD) basis, the smallcap stock has dropped 44%, while it has declined 13% in one year. However, in the long-term, Rajoo Engineers share price has delivered stellar returns as the small-cap stock has jumped 595% in two years and skyrocketed 3,685% over the past five years. At 11:20 AM, Rajoo Engineers share price was trading 2.61% lower at ₹ 130.60 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Upturn
22-07-2025
- Business
- Business Upturn
Rajoo Engineers raises Rs 160 crore via QIP; investor participation includes Morgan Stanley, HDFC Bank, BNP Paribas
Rajoo Engineers Ltd, a prominent manufacturer of plastic extrusion machinery, has successfully raised ₹160 crore through a Qualified Institutional Placement (QIP), reinforcing strong market confidence in its growth strategy. The company issued 1.47 crore equity shares at a price of ₹109 per share in the offering that closed on July 21, 2025. The QIP received an enthusiastic response from both domestic and international institutional investors. Notable participants included Morgan Stanley Asia (Singapore), HDFC Bank Limited, BNP Paribas Financial Markets – ODI, Credit Access Life Insurance, and Rajasthan Global Securities Pvt. Ltd., among others. As a result of the QIP, Foreign Institutional Investor (FII) holding in Rajoo has increased to 3.8%, while Domestic Institutional Investor (DII) holding has risen to 4.46%. Advertisement Khushboo Doshi, Managing Director of Rajoo Engineers Ltd, remarked, 'This successful fundraise of ₹160 crore marks a significant milestone in our journey. The enthusiastic response from institutional investors underscores the trust in our business fundamentals, innovation-led strategy, and long-term vision. We are committed to leveraging this capital to further scale our operations and create long-term value for our stakeholders.' Fund utilization and growth plans The company plans to use the proceeds from the QIP to pursue inorganic growth through strategic acquisitions. These acquisitions will be targeted at expanding scale, enhancing product offerings, and entering new geographic markets. Rajoo said the strategy focuses on complementing its core business, advancing technology, and creating operational synergies.
Straits Times
21-06-2025
- Politics
- Straits Times
China's top HK official says security will ensure city's success
Director of the Hong Kong and Macau Affairs Office Xia Baolong's comments build on China's emphasis on national security in recent years PHOTO: AFP HONG KONG - China's top official for Hong Kong affairs said the city needs to prioritize national security to ensure prosperity. The China-imposed national security law helped Hong Kong maintain its status as an international financial hub, Mr Xia Baolong, director of the Hong Kong and Macau Affairs Office in Beijing, said on June 21 on his third trip to the semi-autonomous city in three years. 'Profound changes are occurring inside and outside Hong Kong. It is necessary to fully implement the One Country, Two Systems principle, guided by national security, to provide favourable safety protection for achieving better development of Hong Kong,' Mr Xia told a government forum marking the fifth anniversary of Beijing's implementation of the 2020 national security law, which silenced dissent in the once-freewheeling territory. His comments build on China's emphasis on national security in recent years, after massive pro-democracy protests roiled the former British colony in 2019. A continuing crackdown on perceived threats and the introduction of supporting legislation has stifled political dissent and led to the imprisonment of dozens of former activists. Earlier this month, Beijing's national security office in the city carried out its first known joint operation with local police to investigate a case of alleged foreign collusion. In the same week, authorities invoked a security law to ban a Taiwanese-made video game they accused of advocating for overthrowing the government. Mr Xia's speech at the forum represents the most public appearance he has made during his five-day trip that began o n June 18 , which has included meetings with political and business leaders. He also held discussions with university presidents earlier in the week, in a move seen as reinforcing Beijing's vision for Hong Kong as an innovation and talent hub. Appointed as Beijing's top man in Hong Kong in 2020, Mr Xia's tenure has seen growing integration between the Asian financial hub with the rest of China. He has urged the city to accelerate the development of its so-called Northern Metropolis, a sprawling area bordering the mainland city of Shenzhen. Mr Xia's visit comes as Hong Kong grapples with economic headwinds, buffeted by a slowing Chinese economy and a prolonged property slump. The city is also caught in the crossfire of the US-China trade war, with tariffs imposed by the Trump administration now applying to Hong Kong-made goods, further blurring the lines between the city and mainland China. Still, some observers argue Hong Kong could paradoxically gain from the deteriorating US-China relationship. Having declared the city 'over' in February 2024 , former Morgan Stanley Asia chairman Stephen Roach said recently that the territory may benefit because of its unique position as China's most important window to international finance. BLOOMBERG Join ST's Telegram channel and get the latest breaking news delivered to you.
Business Times
21-06-2025
- Politics
- Business Times
China's top Hong Kong official says security will ensure city's success
[HONG KONG] China's top official for Hong Kong affairs said the city needs to prioritise national security to ensure prosperity. The China-imposed national security law helped Hong Kong maintain its status as an international financial hub, Xia Baolong, director of the Hong Kong and Macau Affairs Office in Beijing, said on Saturday (Jun 21) on his third trip to the semi-autonomous city in three years. 'Profound changes are occurring inside and outside Hong Kong. It is necessary to fully implement the One Country, Two Systems principle, guided by national security, to provide favourable safety protection for achieving better development of Hong Kong,' Xia told a government forum marking the fifth anniversary of Beijing's implementation of the 2020 national security law, which silenced dissent in the once-freewheeling territory. His comments build on China's emphasis on national security in recent years, after massive pro-democracy protests roiled the former British colony in 2019. A continuing crackdown on perceived threats and the introduction of supporting legislation has stifled political dissent and led to the imprisonment of dozens of former activists. Earlier this month, Beijing's national security office in the city carried out its first known joint operation with local police to investigate a case of alleged foreign collusion. In the same week, authorities invoked a security law to ban a Taiwanese-made video game they accused of advocating for overthrowing the government. Xia's speech at the forum represents the most public appearance he has made during his five-day trip that began on Wednesday, which has included meetings with political and business leaders. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up He also held discussions with university presidents earlier in the week, in a move seen as reinforcing Beijing's vision for Hong Kong as an innovation and talent hub. Appointed as Beijing's top man in Hong Kong in 2020, Xia's tenure has seen growing integration between the Asian financial hub with the rest of China. He has urged the city to accelerate the development of its so-called Northern Metropolis, a sprawling area bordering the mainland city of Shenzhen. Xia's visit comes as Hong Kong grapples with economic headwinds, buffeted by a slowing Chinese economy and a prolonged property slump. The city is also caught in the crossfire of the US-China trade war, with tariffs imposed by the Trump administration now applying to Hong Kong-made goods, further blurring the lines between the city and mainland China. Still, some observers argue Hong Kong could paradoxically gain from the deteriorating US-China relationship. Having declared the city 'over' last February, former Morgan Stanley Asia chairman Stephen Roach said recently that the territory may benefit because of its unique position as China's most important window to international finance. BLOOMBERG
