Karbonn plans expansion in 65 countries by diluting 20% stake

Karbonn Mobiles is planning to expand is presence in 65 more countries and for that, the company is expecting to raise funds by diluting 15-20% stake. The company is in discussions with some private equity players to offload the stakes and eventually aiming to raise about Rs 1000 crores to take expansion plan ahead. The company aims to export about 12 million devices by next year. LINK

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