Corporate Announcement
Security Code : 532521    Company : PALREDTEC    
 
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  Exchange Received Time  11/04/2017 19:46:31         Exchange Disseminated Time   11/04/2017 19:46:36              Time Taken   00:00:05
PTL today announced that its Board, in the Meeting held on 1Lth April 20!7, approved investment of INR 30 crores in its subsidiary Palred Online Technologies Private Limited which owns and operates LatestOne.com - lndia's largest e-tailer for mobile accessories. Post this investment, LatestOne.com will be valued at INR 225 crores. The actual cash infusion into LatestOne.com, post this round will be INR 60 crores, making it one of the most capital efficient vertical focused e-tailers in the Country.
 

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