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Sanra Software wants to raise around Rs 50 cr
Sanra Software board has approved issue of GDR or FCCB issue of not exceeding USD 27.5 million well as rights/public/preferential issue of Rs 30 crore.
The Sanra Software board has approved issue of GDR or FCCB issue of not exceeding USD 27.5 million well as public and preferential issue of Rs 30 crore.
Director - Finance at Sanra Software, Uma Karthikeyan says that the company is looking to raise around Rs 50 crore. Out of that, Rs 25-30 crore will be in capital acquisition for building an animation studio in India and also acquisitions of some good animations studios in UK and US
They are looking at taking the approvals for GDR and the rights issue. "We were looking at this industry closely and we have acquired a company called Pix Aalaya Studio Pvt. Ltd who been into this business for more than 10-12 years and they handed a lot of international clients" he says.
Director - Finance at Sanra Software, Uma Karthikeyan says that the company is looking to raise around Rs 50 crore. Out of that, Rs 25-30 crore will be in capital acquisition for building an animation studio in India and also acquisitions of some good animations studios in UK and US
