Indian media company raises third round of private equity

Nimbus Communications raises $125 million from 3i, Cisco and Oman Investment Fund.

IndiaÆs Nimbus Communications closed its third round of private equity raising securing Rs5.5 billion approx $125 million from 3i, Cisco and Oman Investment Fund. This is 3iÆs second investment in Nimbus, Oman InvestmentÆs first India deal and NimbusÆ largest PE funding to date. Investors will buy compulsorily convertible bonds that will convert into equity, based on a pre-set formula, prior to an IPO or trade sale.

Harish Thawani, executive chairman of Nimbus Communications, says ôNimbusÆ consistent year-on-year hyper growth, depth...

To continue reading, please login or register for free

Click for more on: nimbus | 3i | oman investment fund | cisco

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...