From the Press Release: Microqual Techno Ltd. one of India’s leading telecom infrastructure providers has raised growth funding of Rs. 40 crore from a wholly owned subsidiary of The Headland Asian Ventures Fund 3 Limited (HAV3), a fund advised by Headland Capital Partners Limited (Headland) (formerly HSBC Private Equity (Asia) Limited). This is the second round of funding received by Microqual which is a comprehensive infrastructure solutions provider for the Indian telecommunications sector. Its clients include all major telecom carriers. The funds will be utilised for expansion in Bangladesh, Nepal, Africa & other emerging markets, strategic acquisitions, and implementing newer technologies. The company had secured the first funding in July 2007 from IndoUS Venture Partners, JAFCO Investment (Asia Pacific) Ltd. and BTS India Private Equity Fund. Ernst & Young India were the exclusive financial advisors to Microqual for this round of Series B funding as well as the Series A ...