Business Daily from THE HINDU group of publications
Thursday, Oct 16, 2008
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Business Daily from THE HINDU group of publications Thursday, Oct 16, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Info-Tech
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Venture Capital MosChip gets Rs 16-cr funding Hyderabad, Oct. 15 MosChip Semiconductor Technology Ltd has received working capital funding of Rs 16 crore. The funds will be used to support the increased sales commitments being executed by the company. “In addition to this funding, we are in the advanced stages of discussions with private equity and mutual fund investors in India and abroad about possible investments in MosChip. Given the current price levels of our shares and our projected sales/profitability over the next two yea rs, there will be significant upside for such investors,” Mr Sathya Kalyanasundaram, Chief Financial Officer, MosChip, said in a release. The company will be launching three chips in December 2008/January 2009 to address specific needs in the high growth, high volume consumer electronics and small office home office segments — Our Bureau More Stories on : Venture Capital | Hardware
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