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Visen Industries in talks with Edelweiss to raise Rs 200 crores

Visen Industries in talks with Edelweiss to raise Rs 200 crores

Tuesday, March 7, 2017, 12:31 PM

Polymer emulsions maker Visen Industries Ltd, is in advanced talks with Edelweiss fund to raise at least Rs 200 crores. This money will be used specifically to provide an exit to its existing private equity investor Carlyle Group. Carlyle, which invested in the company in 2011, is keen on exiting. Funds raised from Carlyle were used to expand Visen’s manufacturing capacity in India.
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