December 3, 2009

Advanta India eyes acquisitions in India, US, South America

Seed production company Advanta India Ltd. is looking to make acquisitions within the next three months, and has already short-listed some possibilities, according to chief executive officer and managing director, V.R. Kaundinya.

"We're looking at companies in India having a turnover of around INR500 million (US$10.86 million) to INR1 billion (US$21.73 million) and companies in the US and South America in the revenue range of US$20 million to US$40 million," said Kaundinya.

US$1 = INR46.01 (Dec 3)