iStockRepresentational imageThe promoters of Viney Corporation Pvt Ltd, an auto ancillary player in mechanical, mechatronic and electronic technologies for wiring harnesses, connectors and switches, based out of North India, have raised Rs430 crore through non-convertible debentures (NCDs) from Kotak Special Situations Fund to buy out the stake held by private equity firm Synergy Capital, said a source aware of the development. Synergy Capital had acquired a 50.01% stake in the company in 2020.There will be a further round of growth capital infused in Viney Corporation to the tune of Rs20 crore in the form of optionally convertible debentures (OCD), the source added.Founded in 1992, Viney operates through 10 production facilities – eight in India and two overseas – with a combined area of over 500,000 sq. ft. Key customers of the company include BMW, Rolls Royce, GM, Maruti, Hero, Bajaj, Honda, Tata, Yamaha, Renault and Fiat.“With this promoter stake consolidation, Viney C...