Reportedly, Bonfiglioli Transmissions, the Indian arm of Bonfiglioli S.p.A has planned to raise USD 250 million through an offer for sale (OFS) and list on Indian stock exchanges.
The proposed public issue is expected to be entirely an OFS by the parent company with no fresh capital being raised by the Indian subsidiary. Bonfiglioli Transmissions has been operating in India for over 25 years and is among the larger domestic players in mechanical and electromechanical power transmission systems. The company manufactures gearboxes, gearmotors and drive solutions catering to industrial automation, off highway mobility and wind energy applications. Over the past three years, the parent has invested close to Rs 3 billion to expand manufacturing capacity and strengthen local engineering and product development capabilities.