Core Projects Looks To Raise $100M Via Share Sale

Technology-enabled solutions provider Core Projects & Technologies Ltd is planning to raise $100 million in two-three months via a share sale.

The company plans to either go for a qualified institutional placement or dilute significant minority stake to a private equity player.

"We are looking at some equity dilution going forward. This will be to help us fund our expansion plans," said a company source who did not wish to be identified.

The company last year raised $75 million via foreign currency convertible bonds in three tranches, the source said.

Currently, the education solutions provider gets 95 percent of its revenues from overseas and the remaning from domestic operations.