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Nettlinx Limited, a Hyderabad-based internet infrastructure company, has raised Rs 20 crore from strategic investors, who will help the company in acquiring European industrial companies.
These funds will also help Nettlinx raise further capital and debt with lower interest rates from the European Banks, Rohith Lokareddy, Managing Director of Nettlinx Limited, said here on Thursday in a statement.
The Netherlands-based EXchange Investors NV and Dubai-based EXchange Investors NV have been allocated share warrants on preferential basis. They will work with Nettlinx in diversification of its activities.
“These two funds will provide strategic support that will enable Nettlinx to identify and acquire companies with experience in the industrial space,” he said.
Consequent to the fund raising, the two funds will nominate a director each on Nettlinx board.
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