Tower Vision secures private equity financing of $300 million

Tower Vision secures private equity financing of $300 million Tower Vision India has secured an equity financing of over $300 million from a consortium of eight international investors led by the Hong Kong-based Quadrangle Capital Partners. Other details of the deal have not been disclosed. The tower firm is planning to use these funds to take its tower capacity to 8,000. Earlier, in 2008, the company had raised about Rs 14 billion worth of equity, the majority of which was funded by Morgan Stanley.