<p> <br />“This is a strategic tie-up under which Intel Capital will be investing Rs 32 crore to subscribe to warrants which can be converted into equity in up to 18-months,” Allied’s Chairman and Managing Director, Nitin Shah, told PTI.<br /><br />Once converted into equity, Intel Capital will hold close to a 3 per cent stake in the company, he added.<br /><br />The investment from Intel Capital will make Allied Digital a “cloud ready” company and also help it expand into newer geographies in South-East Asia, Europe and the Middle-East courtesy Intel Capital’s relationships, he said.</p>
<p> <br />“This is a strategic tie-up under which Intel Capital will be investing Rs 32 crore to subscribe to warrants which can be converted into equity in up to 18-months,” Allied’s Chairman and Managing Director, Nitin Shah, told PTI.<br /><br />Once converted into equity, Intel Capital will hold close to a 3 per cent stake in the company, he added.<br /><br />The investment from Intel Capital will make Allied Digital a “cloud ready” company and also help it expand into newer geographies in South-East Asia, Europe and the Middle-East courtesy Intel Capital’s relationships, he said.</p>