Sanlayan begins talks on a defence-electronics fundraise

Mint reports that Sanlayan has started discussions to raise $35-40 million at a targeted valuation of $150-200 million, citing unnamed sources. The defence-electronics manufacturer may use capital for acquisitions and research. The financing is under discussion, not a closed round at a fixed $200 million valuation.

DTT summary based on Livemint's report. The full article is on the publisher's site.