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Chryscapital Invests $5m In Techteam

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Our Corporate Bureau BUSINESS STANDARD

India-centric venture capital fund ChrysCapital today announced a $5 million investment in Nasdaq-listed TechTeam Global.

As a part of the investment, TechTeam has issued 689,656 shares of series A convertible preferred stock at a price of $7.25 per share to ChrysCapital.

The preferred stock is convertible by ChrysCapital into 689,656 shares of the company

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First Published: Apr 17 2003 | 12:00 AM IST

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