Premji's deeptech bets; Razorpay gets IPO nod
Happy Thursday! Premji Invest is stepping up its bets on defence and aerospace manufacturing.This and more in today’s ETtech Morning Dispatch.
Premji Invest is making significant strategic investments in the defence and aerospace manufacturing sectors. The investment firm is in discussions to back two Bengaluru-based companies - defence electronics manufacturer Sanlayan Technologies and aerospace components producer Hical Technologies. These investments, if successful, could total $60 million, with a valuation of $200-400 million for Sanlayan Technologies and $30-40 million for Hical Technologies.
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