Celkon Mobiles to seek PE funds in 2014
July 17, 2013
Celkon Mobiles plans to raise funds through private equity (PE) route in 2014.
The mobile handset manufacturer registered a turnover of Rs 6 billion in 2012-13. The company is targeting a turnover of Rs 10 to Rs 12 billion, following which it will explore PE investments.
Celkon Mobiles is looking at raising funds worth Rs 3 to 5 billion through PE route. The company plans to use these funds for exploring export opportunities to various African countries. At the same time, Celkon Mobiles is also open to raising funds through non-PE route as well.
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