Radiant Info
Systems, Bangalore-based information technology
solutions provider, has sought the approval
of market regulator, Securities and Exchange
Board of India for its 6.51 million share
initial public offer, IPO, reports CNBC-TV18.
The objects of the issue are to finance
the funds required for potential acquisitions
(Rs 40 crore) and to set up a Software
Development Center at Gowribidanur Industrial
Area (Rs 46.94 crore), Bangalore. Money
will also use for additional working capital
requirements as a margin money (Rs 16.28
crore).
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