Action Construction Equipments or ACE has reported that it is looking to raise around USD 10 million from private equity players to fund acquisitions that it has planned. According to Sorab Agarwal, managing director of ACE, two acquisitions should be finalized within a month.
Agarwal goes on to say that they are facing slower order inflows due to high interest rates and other policy issues.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
