Ice Make Refrigeration to raise ₹190 crore and form JV with Japan’s Galilei
Galilei Holdings will invest ₹180 crore in Ice Make’s ₹190 crore preferential issue. The partners plan a 60:40 joint venture to develop and expand commercial refrigeration and cold-chain solutions in India, subject to shareholder and regulatory approvals.
Ice Make Refrigeration will raise ₹190 crore and form a refrigeration-products joint venture with Japan’s Galilei Holdings, supporting Indian cold-chain capacity, modernisation, product development and expansion into commercial refrigeration solutions.
Why this matters
No related recent Ice Make Refrigeration signals are provided. The proposed Galilei partnership adds Japanese capital and technology support for commercial refrigeration and cold-chain expansion in India.
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