Micromax plans to raise Rs 510-680 cr in next 12 to 18 months
Indian handset maker Micromax Informatics has said it is planning to raise and invest an amount of Rs 510-680 crore ($75-100 million) in the next 12 to 18 months. While the firm is primarily into procuring and marketing mobile handsets and consumer durables, it had invested in a few companies earlier on its own, unlike the proposed initiative where it will raise funds and lead the project. According to Rahul Sharma, co-founder, Micromax, some of its past investments have provided huge returns (where the internal rate of return had been in “triple