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FIs invest Rs 122.4 cr in Pennar
Our Regional Bureau / Chennai/ Hyderabad August 01, 2006
Pennar Industries has announced that foreign investors – Eight Capital of New York and Spinnaker Capital of London – have invested Rs 122.4 crore in Pennar Industries in the form of convertible debentures.
 
These funds have been utilised by Pennar for making a one-time settlement of long-term debt and capital expenditure.
 
Ravi Chachra of Eight Capital and Tarun Gandhi of Spinnaker Capital have been inducted on the board of Pennar Industries.

 
 

FIs invest Rs 122.4 cr in Pennar
Our Regional Bureau / Chennai/ Hyderabad Aug 01, 2006, 23:24 IST

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