Cargill Ventures, the venture capital arm of Cargill, Inc., will invest a total of $9 mn in Indian IT consulting firm KPIT Cummins Infosystems. KPIT Cummins will issue shares of $4.5 mn on a preferential basis, in addition to warrants convertible into shares of up to $4.5 mn. The warrants will be convertible into shares at the end of 18 months from the date of issue-based on certain parameters.
Cargill is a privately held company with operations in 63 countries and revenues of over $75 bn. Cargill Ventures is a diversified growth-capital investor across the IT, life sciences and IT sectors.
Read more in the Business Standard article.
Showing posts with label Cargill Ventures. Show all posts
Showing posts with label Cargill Ventures. Show all posts
Thursday, March 22, 2007
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