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ICICI Venture invests Rs 425 million in Sangam India

ICICI Venture Funds has recently announced that it has invested Rs 425 million in Sangam (India) Ltd....more

by Textile Intelligence
Wednesday, 03rd August 2005

View more news from [ Mumbai ]

[ India ]

ICICI Venture Funds has recently announced that it has invested Rs 425 million in Sangam (India) Ltd. ICICI Venture's investment in Sangam is structured as a mix of equity and warrants.

Sangam is a leading PV fiber dyed yarn manufacturer in the country with a manufacturing facility at Bhilwara. The company had recorded a turnover of Rs 2896 million in the year ended March 31, 2005 and a net profit of Rs 140 million during the period.

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