Sumeet Industries Ltd. News and Updates

Keep track of all breaking news on Sumeet Industries Ltd. from all sources in a single place.

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Sumeet Industries Ltd.

26 Dec 2017

74.94

4.99%

Sumeet Industries: Rights issue opens

Business Line

Shares of Sumeet Industries will remain in focus, as the company's rights issue opens for subscription on Wednesday and closes on January 10,2018. The company plans to issue up to 2.487 crore...

Sumeet Industries Ltd. is trading above all available SMAs

Sumeet Industries Ltd.

01 Dec 2017

74.94

4.99%

Company news

Business Line

The board of directors of Sumeet Industries on Friday decided to issue equity shares on rights basis in the ratio of 3:7 (3 shares for every 7 held) at an issue price of 24 a share. Through the...

Sumeet Industries Ltd. has gained 3647.00% in the last 1 Year

Sumeet Industries Ltd.

27 Oct 2017

74.94

4.99%

Sumeet Nagar on the next multibagger

Economic Times

"Propensity of people to spend money and consume things never change; what changes is how much they buy and what they buy"

Sumeet Industries Ltd. has gained 1432.52% in the last 1 Month

Sumeet Industries Ltd.

01 Apr 2017

74.94

4.99%

Betting on 3 themes in the long run: Sumeet Nagar

Economic Times

Either the markets have to get aligned with the earnings so that they get time corrected or they get pulled down or the earnings have to move up, says Nagar

Sumeet Industries Ltd. has gained 1432.52% in the last 3 Months

Sumeet Industries Ltd.

24 Aug 2016

74.94

4.99%

Paragon Partners, others invest Rs 111 crore in Maini Precision Products

Economic Times

NEW DELHI: Paragon Partners, along with co-investors, has decided to invest Rs 111 crores (US $ 17 million) in Maini Precision Products Limited (MPPL) through a mix of primary and secondary transactions. MPPL is a Bengaluru-based manufacturer and supplier of high-precision engineering components and assemblies catering to the global automotive, industrial and aerospace sectors. Founded in 1973 by the Maini family, MPPL commenced operations as a supplier of auto parts to Bosch and since then has diversified to supply a number of other automotive OEMs and Tier I component suppliers such as Eaton, Magneti Marelli and Volvo. Paragon Partners is the maiden private equity venture of Siddharth Parekh and Sumeet Nindrajog. Paragon Partners has raised Rs 1,300 crore from a mix of domestic and overseas investors under its first fund in 2016. MPPL represents the second investment for the firm, the first being Rs 63 crore (US$10 million) investment in Mumbai-based EPC player Capacit'e Infraprojects Limited. "We have been closely following the manufacturing and industrials sector in India and are very excited about our partnership with Maini," Siddharth Parekh, Co-Founder & Senior Partner said in an announcement. "This deal is representative of Paragon's investment philosophy of partnering with high-quality entrepreneurs with differentiated business models and assisting them in scaling up operations through strategic and operational guidance," he added.

Sumeet Industries Ltd. is trading above all available SMAs

Paragon Partners, along with co-investors plan to invest Rs 111 crore in Maini

Economic Times | 25 Aug 2016

Sumeet Industries Ltd.

17 Jul 2016

74.94

4.99%

Turkey: Choppers were flying so low, we felt we could touch them', says eyewitness

Economic Times

Sumeet Walia was enjoying street food in central Istanbul late on Friday evening when the news of the coup attempt poured in. Then came the helicopters and gun-toting civilians poured onto the streets. Walia, who hails from Jamshedpur and now settled in Germany, was on a business trip to Turkey. Before internet connections snapped, Walia narrated to TOI's Raja Bose a harrowing tale through intermittent whatsapp messages. It was around 11.30 pm (time in Istanbul) and I was gorging on street food with a few business associates in central Istanbul. Suddenly, there was commotion all around us. We found everyone peering into their phone handsets, trying to figure out what happened and receiving calls. Then, sirens began to blare all around me. Many left their food midway and left. Some stood in concentrated groups, immersed in animated discussion. Suddenly, helicopters began hovering over us and they were flying quite low. It was then that we got to know that there was a military coup in the country. It sounded so disturbing. The furtive glances people exchanged was so unnerving. My business associates in Istanbul said I would be safer if I were with them than in my hotel. They took me to their office, which was just 30 minutes away but took us more than an hour to reach. The streets were choc-a-bloc with traffic, with people rushing to head back home in panic. We were scared and concerned. When I reached the office of my business associates, we kept discussing and updating ourselves on what...

Sumeet Industries Ltd. has gained 27.56% in the last 1 Week

Sumeet Industries Ltd.

23 Mar 2016

74.94

4.99%

Getting the commitments worth $50 mn was very crucial: Paragon Partners founders

Business Standard

Interview with Siddharth Parekh and Sumeet Nindrajog

Sumeet Industries Ltd. has gained 1432.52% in the last 6 Months

We didn't go into the market with a blind pool: Siddharth Parekh & Sumeet Nindrajog

Business Standard | 24 Mar 2016

Sumeet Industries Ltd.

09 Mar 2016

74.94

4.99%

Paragon Partners starts $200 mn India-focused mid-market PE Fund

Business Standard

The fund founded by Siddharth Parekh and Sumeet Nindrajog raised $50 mn and announced first investment of $10 mn in Capacite Infraprojects

Sumeet Industries Ltd. has gained 27.56% in the last 1 Week

Sumeet Industries Ltd.

03 Feb 2016

74.94

4.99%

Energy cost savings to boost Sumeet Industries

Business Line

Sumeet Industries on Tuesday said Gujarat Energy Transmission Corporation has restored the open access (OA) facility, which had been discontinued since March 2014. The company has been sourcing powe...

Sumeet Industries Ltd. has gained 3647.00% in the last 1 Year

Sumeet Industries Ltd.

30 Nov 2015

74.94

4.99%

Deepak Parekhs son Siddharth Parekh launches $200 mn private equity fund

livemint

Siddharth Parekh has launched private equity fund Paragon Partners with his friend Sumeet Nindrajog

Sumeet Industries Ltd. has gained 1432.52% in the last 1 Month

Is Sumeet Industries Ltd. worth buying?

85 Votes:

Buy 85.88%

Sell 9.41%

Hold 4.71%

New 52W High today

Sumeet Industries Ltd. News and Updates

Keep track of all breaking news on Sumeet Industries Ltd. from all sources in a single place.