Bangalore-based Sami Labs has appointed Ernst & Young
(E&Y) to explore options for an initial public offering
or private placement of equity to invest close to Rs 100-200
crore over a year.
“ E&Y is likely to complete the first phase of
their report by Dec 31, 2003 and the final report by Mar
31,04 to enable us decide on the options,” Sami Labs
chairman and MD Muhammed Majeed said.