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Reliance Communication is planning for Flag Telecom IPO – Reliance Globalcom ipo

Reliance Telecom is planning to raise more than 7600 crore may be to put it in dollars 1.5 million dollars but not here in inidan market but in a Singapore listing , its planning to list its submarine cable assets, said a person with knowledge of the matter.This is their in all the news now ,they are planning to sell 75 per cent of Reliance Globalcom Ltd’s Flag Telecom unit in the first half of this year in an initial public offering (IPO) , which would the valuation of the company up to $2 billion, One more thing is Flag Telecom would be listed as a so-called business trust.