Ahmedabad based GVFL seems to be in overdrive with some recent investments in two startups after a long hiatus and now seems to be making exit from its existing investments.
As per unconfirmed reports GVFL has made an exit from ICENET, the leading ISP from Gujarat though no details about valuations or deal are available.
IceNet is a joint venture with equity participation between the Elecmech Group of India and the Eclipse Micro Computer Group of USA.
IceNet was India ’s first Private Digital ISP, with dedicated Optic Fibre Cables, Digital Modems, Fully Automated Helpdesk, a Users-to-Lines Ratio.
Hi,
I m Beenoo Assnani I would like to know the exit price of GVFL from ICENET
Hi
The exit price was not made public so you can safley assume that there was no great profit as if there had been any significant profit, it would have made to the news.