Fast-growing Energy Services Company Seeking Funds
by Charmi Gutka
A leading certified energy saving equipments maker for reactive compensation and service provider to the electricity utilities and industrial units, backed by engineer-promoters with over two decades of experience in the industry is seeking funds for growth.
The company has partnered with a MNC for cost benefits and has orders over R100 Cr.
Tata Communications Ltd is selling Neotel Ltd, the South Africa-based communications network company that it owns in partnership with Nexus Connexions Pvt Ltd. The company has entered into an agreement with a privately owned, pan-Africa telecom group, Liquid Telecom Group, for the acquisition of Neotel for ZAR6.66 billion (INR2903 crore).