Karbonn seeks PE suitors for 15% stake
India's Karbonn Mobiles is looking to sell a 15% stake to private equity buyers for INR6 billion ($135.2 million) to fund expansion plans and consolidate its position as the country's top domestic handset maker, the Wall Street Journal reported.
In January, Karbonn reportedly sought $50 million from American PE firms Accel Partners and Mount Kellet Capital, used to bolster production. That push enabled the company to surpass MicroMax in June as...
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