Headland Capital makes $8.8 million investment in Indian telecom infrastructure provider
HHeadland Capital Partners Limited (Headland), formerly known as HSBC Private Equity (Asia) Limited, has invested Rs. 400 million ($8.86 million) in the second round of financing conducted by Microqual Techno Ltd., one of the leading Indian telecom infrastructure providers, through its wholly owned subsidiary of The Headland Asian Ventures Fund 3 Limited (HAV3).
The funds will be used for expansion in Bangladesh, Nepal, Africa and other emerging markets, strategic acquisitions, and the implementation of newer technologies, according to a statement. As an industry...
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