India: Skanray Technologies plans US$150m IPO

Ascent Capital owned medical equipment manufacturer Skanray Technologies is looking to raise up to US$150m in an initial public offering in India. The Mysore-based company, founded in 2007 by former General Electric engineers, specialises in high-frequency X-Ray imaging systems, critical care devices and primary healthcare and telemedicine compatible devices. As a domestic manufacturer of ventilators,…

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