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Taksheel Solution to use part of IPO money for acquisitions

In an interview to CNBC-TV18, Pavan Kumar Kuchana, chairman and managing director, Taksheel Solutions said, the company will use Rs 22 crore of IPO proceeds for acquisitions.

September 29, 2011 / 14:55 IST
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Information-technology firm Taksheel Solutions' (TSL) Rs 80 crore IPO has opened for subscription today.

In an interview to CNBC-TV18, Pavan Kumar Kuchana, chairman and managing director, Taksheel Solutions said, the company is raising Rs 82 crore at the upper band and Rs 71 crore at the lower band. He further said, the company will use Rs 22 crore of IPO proceeds for acquisitions.
TAGS: #IPO #IPO - Issues Open #Pavan Kumar Kuchana #Taksheel Solutions
first published: Sep 29, 2011 01:57 pm

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