Kolkata-based Ramakrishna Forgings Plans Placement With PE Firms
Business Standard reports that Ramakrishna Forgings, a Kolkata-based steel forgings company, has “shortlisted some private equity funds of both domestic and foreign origin” for a private placement.
The company is planning to invest Rs 50 crore to double its forging capacity at its Jamshedpur plant, and the managing director of the company, Naresh Jalan, said it has decided to raise Rs 23 crore through a private placement of shares in next 2-3 months for the project.
12/29/05, 2:00 AM |
Hello,
THis blog has been my more trusted source to keep track of VC happenings in India. No updates today seems as if I haven’t read the ET for the day.
Anyways, it’s just to say that keep up the good work.
My Best Wishes for the new year and I’m sure that this exchange would be resourceful for entrepreneurs & investors.
12/30/05, 5:10 AM |
Mohit,
Thanks very much for that note. I was travelling- to Hyderabad - and just got back to Delhi. I couldn’t get my hands on the Internet…so couldn’t update the site. I will be slowly filling in some stuff later in the day. Happy new year to you too!