Northgate Technologies, a Hyderabad-based technology and internet telephony services provider, will raise up to Rs 450 crore through the issue of global depository receipts (GDRs).
Addressing the media after the company’s annual general meeting (AGM) here on Wednesday, Venkat Meenavalli, chairman and managing director, said the GDR issue, including a greenshoe option, would be listed on the Luxemburg Stock Exchange within the next two to three months.
At present, the company has 320 servers in London and around 50 in Hong Kong.
Read more in The Business Standard article.
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