Business Daily from THE HINDU group of publications
Wednesday, Apr 11, 2007
ePaper
Business Daily from THE HINDU group of publications Wednesday, Apr 11, 2007 ePaper |
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Agri-Biz & Commodities
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Marketing Corporate - Mergers & Acquisitions States - Andhra Pradesh iLabs picks 50% stake in Viswas Business Our Bureau
Hyderabad April 10: iLabs, a private equity firm that manages $300 million of capital, has picked 50 per cent stake in the Hyderabad-based Viswas Business Synergies Ltd, an agricultural input distribution and farmer services company. Mr Rajesh Raju, Director of iLabs, however, declined to divulge the size of investments his company made in Viswas. Announcing the iLabs investments at a news conference here on Tuesday, Mr Sekhar N. Chandra, Managing Director of Viswas, said the infusion of funds would be used for expansion of the retail outlets. "We will increase the number to 400 by next kharif season from the present 125," he said. The company also planned to open 30 centres each in Tamil Nadu and Karnataka by the next kharif season.
More Stories on : Marketing | Mergers & Acquisitions | Andhra Pradesh | Foreign Institutional Investors
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