• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Chennai, June 2

Zylog Systems Ltd, a Chennai-based information technology company, plans to raise Rs 100 crore through an initial public issue. It plans to issue 36 lakh equity shares of Rs 10 each through the book-building route, according to a company official.

Funds raised will be used to part-finance its expansion plans. Zylog is investing Rs 66 crore to set up two offshore development centres at Sholinganallur and Siruseri — on the IT corridor in Chennai.

It is also looking at acquisitions to deepen its domain expertise, expand service lines and access new markets/verticals, Mr Sudarshan Venkatraman, Chairman and CEO, Zylog, told newspersons. The company provides IT services to clients such as United America of Tennessee and Barclays.

More Stories on : IPOs | Software

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Mutual funds asset base swells

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line