Nextgen Semiconductor plans to raise up to Rs 1,500 crore in 12 months

Nextgen Semiconductors, which has announced to set up a chip facility in Gujarat, on Friday said it plans to raise around Rs 1,000-1,500 crore through equity and other instruments in the next 12 months.

Nextgen has announced to invest more than Rs 8,800 crore in phases to build India’s fully integrated Silicon (Si) and Silicon Carbide (SiC) power semiconductor platform in Dholera, Gujarat.

“The company plans to raise around Rs 1,000 crore to Rs 1,500 crore over the next 12 months via a mix of equity and structured instruments,” Nextgen said in a statement.