The company is embarking on the designer home décor glass products segment under the brand D’Boro.
“We are planning to have a private equity partner in the next 3-4 months. The company’s valuation exercise is underway and we plan to raise about Rs. 10 crore through a PE partner. For this, we are ready to give about 10-20 per cent stake to PE partner,” Hemant Goel, Chairman, Goel Scientific Glass Works Ltd, said at a media briefing in Ahmedabad on Friday.
Goel informed that the additional funding will be required to strengthen its manufacturing as well as marketing of the home décor glass products.