Date:20/10/2007 URL: http://www.thehindu.com/2007/10/20/stories/2007102057602000.htm

Business - Briefly

Moser Baer arm to raise $100m

NEW DELHI: Moser Baer on Friday said that its wholly owned photovoltaic subsidiary will raise $100 million. The proceeds will be used to partially finance its overall plans to increase capacity to 500 MW by 2010. The investment will be made by a consortium of investors led by IDFC Private Equity, says a release. — Staff Reporter