Tano Capital Invests $7.4 Million Into Anil Printers Limited
Charles E. Johnson and Tano Capital LLC, on behalf of the Tano India Private Equity Fund I, is pleased to announce that it has made an equity investment of INR 300 million (US $7.4 million) into India based Anil Printers Limited (“APL”). APL is a printing company that manufactures prepaid scratch cards, pin mailers, airline tickets, cargo bills, and carbon-less stationery for the telecommunications, banking, courier, and logistics industries.
Tano Capital LLC, on behalf of the Tano India Private Equity Fund I, is pleased to announce that it has made an equity investment of INR 300 million (US $7.4 million) into India based Anil Printers Limited (“APL”). APL is a printing company that manufactures prepaid scratch cards, pin mailers, airline tickets, cargo bills, and carbon-less stationery for the telecommunications, banking, courier, and logistics industries.
APL was founded by Ashokka Agarwal, who has been in the printing business for the past 25 years. APL’s clients include Reliance Telecom, Reliance Infocomm, Bharti Airtel, Hutch, Idea, BSNL, MTNL, Nu Mobile (Bhutan), State Bank of India, Corporation Bank, UTI Bank, HSBC, HDFC, Canara Bank, Bank of Baroda, Bank of India, Jet Airways and Indian Airlines.
With this investment, APL plans to manufacture smart cards and RFID labels in technical collaboration with Mühlbauer High Tech International of Germany. APL has identified opportunities for the application of smart cards and RFID technology in several areas, including driver’s licenses and national identification/security card systems such as the R.C. Book Multipurpose National Identification Card (MNIC) project.
Charles “Chuck” Johnson, Tano Capital’s Founder and Managing General Partner, said, “We are particularly excited about the strength and depth of Anil Printers management team. They have demonstrated their ability to continually adapt and reshape their core businesses in rapidly changing business environments in both up and down markets. Their impressive list of top notch clients is a solid testament to the quality of the products that they produce.”
Tano Capital, LLC is an alternative asset management firm founded in 2003 by Charles E. Johnson (formerly Co-President of Franklin Templeton Investments and CEO of Templeton Worldwide) to make private equity investments into rapidly growing private companies in India and China. Tano Capital currently has offices in Shanghai, Tianjin, Taipei, Mauritius, Mumbai, Viet Nam and San Mateo, California.
Wednesday, April 16, 2008
Bruce Springsteen Backs Barack Obama
Bruce Springsteen Backs Barack Obama
Like a bolt out of the blue and frankly with more empact that Elton John's Hillary Clinton concert , "The Boss" backed Barack Obama today, effectively turning the news cycle in Obama's favor and hitting a demographic group that some said Obama could not reach: White rural dwellers. This is what he wrote.
Dear Friends and Fans:
LIke most of you, I've been following the campaign and I have now seen and heard enough to know where I stand. Senator Obama, in my view, is head and shoulders above the rest.
He has the depth, the reflectiveness, and the resilience to be our next President. He speaks to the America I've envisioned in my music for the past 35 years, a generous nation with a citizenry willing to tackle nuanced and complex problems, a country that's interested in its collective destiny and in the potential of its gathered spirit. A place where "...nobody crowds you, and nobody goes it alone."
At the moment, critics have tried to diminish Senator Obama through the exaggeration of certain of his comments and relationships. While these matters are worthy of some discussion, they have been ripped out of the context and fabric of the man's life and vision, so well described in his excellent book, Dreams of My Father, often in order to distract us from discussing the real issues: war and peace, the fight for economic and racial justice, reaffirming our Constitution, and the protection and enhancement of our environment.
After the terrible damage done over the past eight years, a great American reclamation project needs to be undertaken. I believe that Senator Obama is the best candidate to lead that project and to lead us into the 21st Century with a renewed sense of moral purpose and of ourselves as Americans.
Over here on E Street, we're proud to support Obama for President.
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