L&T Capital invests in Rangsons Electronics
28 Aug 2007
L&T group company L&T Capital Company Ltd has invested around Rs 100 crore for a stake in Mysore based Rangsons Electronics Pvt Ltd., an Electronic Manufacturing Services (EMS) provider.
Rangsons Electronics, part of N R Group, is one of the fasted growing EMS Companies in India. With four state-of-the-art facilities in Bangalore and Mysore and an international procurement office in China, it caters to the High Mix High Tech product spectrum of leading Indian and global OEMs.
Speaking on this occasion, President Operations & Member of the Board of L&T, Mr. R N Mukhija said, "Looking at the market situation and its growth opportunities we believe this investment will bear fruit for both partners Rangsons is well positioned to create significant value for its stakeholders. We see a great opportunity for Rangsons to be a global end-to-end solutions provider in EMS".
The
signing ceremony was held at Mysore in the presence of senior representatives
of both Companies.