Spacewood in talks to close Rs 300 crore financing from A91

Modular furniture maker Spacewood Furnishings is in advanced discussions to close a Rs 300 crore financing from investment firm A91 Partners, according to people in the know.

The financing is likely to value the Nagpur-based company at about Rs 1,200 crore, said one of the persons, who did not wish to be identified, adding that the proposed transaction comprises both primary and secondary components. A secondary transaction involves an existing shareholder selling shares to an incoming one.