In a bid to meet various fund requirements, Zylog Systems is planning to raise Rs 135-162 crore by diluting its shares. The company will also raise Rs 220 crore from banks for working capital requirements.
The company is also looking at adding a strategic investor to its Wi-Fi business to unlock potential. The company would be finalizing equity dilution in the parent company, for fund raising, in the next four to five weeks and talks are on with big Foreign Institutional Investors (FIIs), who are keen on the secondary market.
Zylog Systems is an ISO 9001 certified provider of Onshore, Offshore and near shore technology solutions and services to enterprises and technology companies across the globe. It provides complete Product Lifecycle Management services, ranging from new product development and product advancement to product migration, re-engineering, sustenance and support.
