Accura Infotech in talks to raise $36m from PE firms
Mumbai-based Accura Infotech, which installs automated teller machines (ATMs), is in advanced talks with private equity investors to raise up to INR2 billion ($36 million) to set up and operate ATMs for public sector banks in Uttar Pradesh. The company is looking at selling as much as 17% of its equity.
"This will be the first time that the company will partner with private equity, but the interest shown by investors has been very good," Navneet Singh Gogia, co-founder and promoter of Accura, told Live...
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