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Karbonn to raise funds

Wednesday, 27 Jul 2011
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Karbonn Mobiles plans to raise funds through private equity (PE) companies to fund expansion plans.
 
The company plans to raise $125 million (approx Rs 556.25 crore) that will be used for expansion of its research and development units in Delhi and Bengaluru and the marketing activities. It is looking at the dilution of up to 15 per cent stake during the process. Also, the company is venturing into segments like smart phones.

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