Tembo Global approves ₹500 crore fundraise for defence, solar push
Tembo Global Industries Ltd has approved raising up to ₹500 crore through QIP, rights issue, or convertible securities. The capital will fund expansion in the defence and solar sectors. This aligns with its ₹1,000 crore pact with Maharashtra for arms manufacturing and a 25-year PPA to develop 124 MW solar capacity with MSEDCL.