Date:18/01/2007 URL: http://www.thehindubusinessline.com/2007/01/18/stories/2007011804500400.htm

Back SQL Star to raise $20 m

Our Bureau

Hyderabad , Jan. 17

The board of directors of SQL Star International Ltd, on Wednesday approved the company's plans to raise up to $20 million to fund its acquisition plan and for investments in the current lines of businesses, a company statement said. The company has already identified a couple of US-based companies for acquisition that fits with its existing lines of business and negotiations are in an advanced stage, said Mr N.R. Ganti, Chairman and Managing Director.