Domestic phone-maker Lava to raise $90 million from US fund, to invest in R&D

GEM group will make the investment over the next 36 months for through a 'Share Subscription Facility' which will allow the company to sell American depositary receipts to the US fund house in exchange for drawing down available funds, Lava said in a statement.

from Tech-Economic Times https://ift.tt/2wFgdEK