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Indian-flag 400NEW DELHI: Bharti Infratel Ltd, the telecommunications tower unit of top Indian phone carrier Bharti Airtel Ltd, has set a price band of 210 rupees to 240 rupees a share for its initial public offering, the firm said on Friday.

 

The issue, which will open on Dec. 10 for cornerstone investors and close on Dec. 14, will raise about 45.34 billion rupees ($825 million) at the upper end of the price band.

 

The offering - 188.9 million shares or 10 percent of Bharti Infratel - is set to be India's biggest IPO in two years after state-run Coal India Ltd raised $3.5 billion in October 2010.

Copyright Reuters, 2012


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln