Sasken to raise $50M

By agencies   |   Monday, 08 May 2006, 19:30 IST
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BANGALORE: In order to finance its acquisitions and to fund other strategic initiatives Sasken Communication Technologies Ltd will raise $50 million through the issue of securities in domestic or international markets. The proposed issue of equity shares, debentures, or other securities would be subject to shareholders approval, at the Annual General Meeting to be held on June 17, the company informed the National Stock Exchange today. Sasken is an embedded telecom solutions company that helps businesses across the telecom value chain accelerates product development life cycles.

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