Micro Technologies, a leading global developer and marketer of security devices and solutions, is reportedly planning to raise funds to the tune of Rs 300 crore by selling its stake in two subsidiaries. Further the company would use the fund to pare overall debt of Rs 300 crore and unlock value in group companies. The company has already started discussions with several private equity players to divest up to 35 per cent in its majority owned units Micro Secure Solutions and Micro Retail. The company has planned to raise about Rs 150 crore each in Micro Secure and Micro Retail.
Micro Technologies is marketer of security solutions for its clients. It is an ISO a leading global developer and 9001, 2700L & 14001 Certified Company with products approved and certified by many national and international certifications like NASSCOM, ERTL, ARAI and UL & EMC.
Company Name | CMP |
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TCS | 3825.00 |
Infosys | 1430.15 |
HCL Tech. | 1476.80 |
Wipro | 464.65 |
Tech Mahindra | 1277.45 |
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