Domestic phone-maker Lava to raise $90 million from US fund, to invest in R&D - Business News, Finance News, Share Market News - Market trendz

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Wednesday, 26 February 2020

Domestic phone-maker Lava to raise $90 million from US fund, to invest in R&D

GEM group will make the investment over the next 36 months for through a 'Share Subscription Facility' which will allow the company to sell American depositary receipts to the US fund house in exchange for drawing down available funds, Lava said in a statement.

from Tech-Economic Times
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