Reliance Telecom Infrastructure IPO - RTIL IPO to file for DRHP with SEBI

• Author: admin
• Filed under: IPO, RTIL IPO, Reliance, Telecom
• Date: Feb 4,2008

Reliance Telecom Infrastructure (RTIL),RTIL, a 95% subsidiary of Reliance Communications (RCOM), is going to file the draft red herring prospectus with Sebi this week. Reliance Telecom Infrastructure has decided to raise nearly Rs 5,000-6,000 crore through an IPO.They refunded the money and they have informed to keep the money ready for the next IPO they know how to market it.
Reliance Telecom Infrastructure will sell nearly 10% of its post-issue share capital through the IPO which will put its valuation more than double of what it achieved in July when it privately placed 5% stake to a group of institutional investors.