Ascent Capital Investing INR1 Billion in Skanray Technologies (Asia)

Source: VCCircle  |  Author: Lohit Jagwani

India-focused private equity firm Ascent Capital is investing up to INR1 billion (approximately US$15 million) in medical equipment manufacturer Skanray Technologies. The transaction will take place in various tranches. Skanray aims to reach sales of INR3 billion (approximately US$45 million) by 2015 and is planning to set up units in Brazil and West Asia.