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Sigma Raises Rs 460 Cr for Global Expansion
10 Aug
Summary
- Sigma Advanced Systems secured Rs 460 crore via preferential allotment.
- Funding led by Spark Capital with family offices and UHNIs.
- Company acquired Bromford Precision Solutions and secured a Rolls-Royce contract.
Sigma Advanced Systems, a Hyderabad-based defense and aerospace manufacturer, has secured Rs 460 crore through a preferential allotment to fund its global expansion and enhance manufacturing capabilities. The fundraising was led by Spark Capital, which placed Rs 360 crore with 23 family office and ultra-high-net-worth individual investors.
This capital injection follows Sigma's recent strategic acquisitions in the UK, notably Bromford Precision Solutions, bolstering its precision engineering and aerospace manufacturing expertise. The company also recently secured a significant Rs 3,800 crore contract from Rolls-Royce for aerospace components.
These strategic moves and capital raises are designed to support Sigma's growing international operations and meet the evolving demands of the global defense and aerospace markets. The company aims to strengthen its technological capabilities and global manufacturing footprint.
