 Chennai-based Gemini Communications is planning to invest Rs 180 crore investment to fund its expansion through acquisitions and overseas foray, says a Business Standard report.
The company is mainly in the hunt for acquisitions in domestic as well as international markets. Russia and Arica are high on the company’s radar as it plans to enter these markets through local tie-ups by next year.
The report says that the company’s board has approved sponsored ADRs/GDRs for 15 million shares to be listed on the Frankfurt Stock Exchange at Rs 45 a share. Quirin Bank, Frankfurt, as the lead manager and Deutsche Bank as depositor are parties to the proposed move. |