Private Equity Fund Investments
Tenon Group plans to raise Rs.1,000-Cr to fund acquisitions
Chennai-based integrated security and facility management company Tenon Group plans to raise close to INR 1,000 crore to fund its proposed acquisitions to grow and diversify its business. The company is exploring possibilities of tapping the private equity route or the IPO market for raising funds. Tenon group operates under three verticals including security services, facility management solutions, and remote monitoring and surveillance. The company may look to diversify and enhance its footprint in tier 2 cities by acquiring smaller companies in those areas.
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