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You are here: Home»Business»Industries & Sectors»India's Bharti Infratel IPO band set at 210-240 rupees/share

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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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln