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Provider: Reuters Investment Profile
$20.00

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Samvardhana Motherson Finance Ltd Plans To Raise INR825 Crore (INR8.25 Billion) To Fund Expansions-The Economic Times


Thursday, 7 Mar 2013 08:12pm EST 

The Economic Times reported that Samvardhana Motherson Finance Ltd, has begun talks with private equity funds to raise $150 million (INR825 crore) to repay debt and to fund expansions, four people with knowledge of the development said. The Company is in talks with marquee private equity funds to raise around INR825 crore (INR8.25 billion) and is expected to complete the transaction in a quarter, an investment banker with knowledge of the fund raising talks said.