QuEST plans to raise $ 20 million overseas

Engineering services firm QuEST proposes to raise about USD 20 million (about Rs 90 crore) from overseas markets to fund its growth.

QuEST recently forayed into aerospace component making through a wholly owned subsidiary.

The Founder and CEO, Mr Ajit Prabhu, said that the company was looking at listing its shares on the Alternative Investment Market (AIM), the London Stock Exchange's international market for smaller growing companies, to raise some USD 20 million."We are gearing up in terms of people and processes for the listing, which will happen over 12-18 months."

The listing proceeds would be utilised for a manufacturing facility in Bangalore, where the company intends to invest USD 25 million over five years, he said.

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