Abakkus Leads Rs.175 Crore Funding in Stelmec Limited with Hem Securities Ltd. as Lead Advisor
Feb 21, 2025
Mumbai (Maharashtra) [India], February 21: Mumbai-based Stelmec Limited, a three-decade-old name synonymous with Electrical Power Products in India and a trusted partner to various State Owned and Private Power Utilities, has secured Rs175 crores from a consortium led by Abakkus Four2Eight Opportunities Fund. The transaction was facilitated, Hem Securities Ltd., who played a pivotal role in structuring and executing the deal.