Global investors to invest Rs.4.11 bn in Moser Baer unit

September 4th, 2008 - 4:13 pm ICT by IANS  

New Delhi, Sep 4 (IANS) Technology leader Moser Baer India Thursday said its wholly-owned photovoltaic subsidiary has entered into a definitive agreement with a consortium of global investors to raise Rs.4.11 billion for its expansion.The global investors include Nomura, CDC Group, Credit Suisse, Morgan Stanley, IDFC Pe and IDFC.

“Moser Baer plans to use the funds to expand capacity of crystalline silicon and thin film solar vertical,” Moser Baer group chief financial officer Yogesh B. Mathur told reporters here.

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