Polymatech Electronics, a company focused on the design and packaging of opto-semiconductors, is exploring a public listing in India and the United States, according to The Economic Times. Managing Director and CEO Eswara Nandam said in an interview that the company wants to raise capital for its next phase of expansion across semiconductor and consumer electronics operations. Polymatech is currently in talks with investment banks and plans to raise between $500 million and $600 million. The funds are intended for semiconductor business expansion.
Polymatech Electronics is exploring a public listing in India and the United States, according to The Economic Times.
Company seeks capital for expansion
Eswara Nandam, the company’s managing director and chief executive officer, said in an interview that the move is aimed at funding the next stage of expansion in its semiconductor and consumer electronics businesses.
He said Polymatech, which focuses on the design and packaging of opto-semiconductors, is in talks with investment banks and plans to raise $500 million to $600 million for semiconductor expansion.
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