Marsons in talks with strategic investors to raise funds

Power transformers maker Marsons Ltd today said it has initiated talks with strategic investors to raise funds to meet working capital requirements.
"In order to expedite the execution of orders, the company is looking to overcome the working capital constraints by means of a strategic investment into the organisation... In this regard, the company has reported the initiation of discussions with different strategic investors," Marsons said in a BSE filing.
The company added it has an order book in excess of of Rs 175 crore.
Shares of Marsons are were trading 2.91 per cent higher at Rs 13.10 on BSE.