| Sasken files red herring prospectus | | | Firm may treble headcount, target tier-1 customers, boost modem sales | | | Our Bureau / Bangalore May 23, 2005 | | | |
| Sasken Communication Technologies has filed its draft Red Herring Prospectus (RHP) with the Securities Exchange Board of India, the stock market regulator in the country, for an initial public offer (IPO) of its equity shares, to be listed on the stock exchanges in Mumbai.
| | | | | Sasken aims to raise "over Rs 100 crore" via the offer, chairman and chief executive officer, Rajiv C Modi, has said.
| | | | | The announcement comes on the heals of a fresh round of investments in the firm, this time by MVC VI & FVCI Limited, a firm in which New Enterprise Associates, a US based venture fund has an interest. MVC has taken an eight per cent stake in the firm for $9 million, according to the RHP. This brings the total venture funding in Sasken to about $26 million to date.
... Read
| | | |  | | The full version of this story is available to our Premium Service subscribers only.
If you are an existing subscriber, please LOGIN now.
If you are a new user, please SUBSCRIBE now. | | | |  | | |
| | | | | | | | | | This is news for Business Standard subscriber | | | | | | | | | | |
| |
| |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
