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    IFCI VC picks 10% in Ganesh Polytex

    IFCI Venture Capital Funds is picking 10% stake in Ganesh Polytex, a small-sized firm engaged in the business of recycling consumer PET bottle waste into recycled polyester staple fibre (RPSF), for about Rs 13.5 crore (USD 2.9 million).

    January 21, 2011 / 16:05 IST

    IFCI Venture Capital Funds is picking 10% stake in Ganesh Polytex, a small-sized firm engaged in the business of recycling consumer PET bottle waste into recycled polyester staple fibre (RPSF), for about Rs 13.5 crore (USD 2.9 million).

    IFCI Venture Capital is investing this amount to subscribe to optionally convertible debentures at a price of Rs 90 each, 30.8% premium to the last traded price of Ganesh Polytex on Thursday. The company
    first published: Jan 21, 2011 04:00 pm

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