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Rakesh Jhunjhunwala's new bright idea for investment; Syska LED

Aug 31, 2021 09:15 IST | By Editorji News Desk

Rakesh Jhunjhunwala's Rare Enterprises said on Monday the company will invest in Uttamchandani family-promoted Syska LED, which will help the fast-moving electrical goods company in its next phase of growth, a release said.

Rare Enterprises and its partners have signed a term sheet to invest in Syska LED Lights. In accordance with the terms of the signed term sheet, about 15 per cent of the funds have been deployed already," it said.

Syska Led Lights Private Ltd is part of Pune-based SSK Group, which is a key distributor for Samsung phones in India.

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