Stock Market 56

Wednesday, April 9, 2008

Exensys to raise Rs 800cr to fund expansion

Solutions), a Hyderabad-based provider of enterprise space, IT
consulting and telecom solutions and services, is looking at raising
$200 million (around Rs 800 crore) to fuel its expansion plans, said
company CEO and managing director Mohammad Shams Qamar.

The seven-year-old company is in talks with a few foreign
institutional investors (FIIs), banks and private equity firms, and is
expected to seal deals with them during the current financial year.

Exensys recorded global revenues of Rs 36 crore for the nine-month
period ending on December 31, 2007. It expects revenues in excess of
Rs 200 crore during the current fiscal, with the new product
contributing 40 per cent, Shams said.

The company, which was listed on the Chennai and Ahmedabad stock
exchanges, would be listed on the BSE through IndoNext within the next
two quarters, he added.