• 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

New Delhi, Oct. 19 Optical storage media maker Moser Baer has announced that it would raise $100 million (Rs 400 crore) for its photovoltaic subsidiary through investments from private equity investors including IDFC and GIC Special Investments.

The move would position the photovoltaic subsidiary for a potential IPO on an international exchange, the company said in a statement issued on Friday. “The investment will be made by a consortium of investors led by IDFC Private Equity, GIC Special Investments, UK’s CDC Group Plc and Infrastructure Development Finance Company (IDFC),” the release added.

Moser Baer’s photovoltaic subsidiary will use the proceeds to partially finance its plans to increase capacity to 500 MW by 2010.

More Stories on : Hardware | Overseas Borrowings

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

Stories in this Section
Yahoo launches SMS search

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