Skanray Tech set to raise Rs 70 crore - 01-Aug-2013
Mysore-based Skanray Technologies, a medical devices company, is set to raise Rs 70 crore, its first growth capital infusion, sources said. The company, which recently acquired L&T’s medical equipment business that was much higher than its own revenues, indicated it would deploy the fresh resources to acquire key targets in Europe and to set up a design lab there.