Tenon Group plans to raise close to ₹1,000 crore to fund acquisitions

The group operates under three verticals including security services, facility management solutions, and remote monitoring and surveillance.

Integrated security and facility management company Tenon Group plans to raise close to ₹1,000 crore to fund its proposed acquisitions to grow and diversify its business. The company is exploring possibilities of tapping the private equity (PE) route or the IPO (initial public offering) market for raising funds.

According to Manjit Rajain, Executive Chairman, Tenon Group, a number of companies have come under stress due to the Covid-induced slowdown in business and the time was right to look for acquisitions.

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