Datawind raises Rs 168 crore via IPO, lists shares in Toronto
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17 Jul 2014
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Maker of low-cost Aakash tablets Datawind has raised Rs 168 crore (30 million Canadian dollars) through an IPO and listed company shares on Toronto Stock Exchange, reported PTI. Stating that the company raised 30 million Canadian dollars through an IPO that closed on July 8, Datawind said it will use the proceeds to expand business across emerging markets, as per the media reports. Our IPO (initial public offer) on the TSX (Toronto Stock Exchange) represents a major milestone for Datawind and gives us the resources to implement the next stage of our vision to bring the internet to billions of unconnected people in the developing world, Datawind President and CEO Suneet Singh Tuli said in a statement. DataWind has been recognized by the MIT Technology Review in its 2014 list of the World's 50 SmartestCompanies, as the Company is acknowledged for its ability to break the affordability barrier with tablet computers, reported media. |
| Source: Dion Global Type: IPO Related |
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