Premji Invest pumps $35 million into Hical Tech
Premji Invest has invested $35 million in Bengaluru-based Hical Technologies, marking the aerospace and defence components makers first institutional funding in nearly four decades. The company, valued at…
Attributed summary
Premji Invest has invested $35 million in Bengaluru-based Hical Technologies, marking the aerospace and defence components makers first institutional funding in nearly four decades. The company, valued at $300 million-$400 million according to industry sources, will use the capital to expand manufacturing capacity, engineering capabilities and R&D across South India.
Read the original report — Economic Times
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