Trans-India acquiring majority share of Solar Semiconductor

Mon Oct 27 2008, 16:03 PM

Trans-India Acquisition is acquiring more than 80% of photovoltaic module manufacturer Solar Semiconductor in a share deal valued at USD375m. Solar Semiconductor CEO Hari Surapaneni says he expects to complete the deal by February next year. Surapaneni also says the firms will invest USD300m in the next two to three years.

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