Bharti Infratel Ltd, the telecommunications tower unit of India's largest telecom company Bharti Airtel announced details of its proposed IPO.
Quick snap shot
The company has set a price band of Rs 210-240 per share, which means Bharti Infratel will raise about Rs.4,530 crore at the upper end, while at the lower end it will raise Rs 3,970 crore.
The issue will be open from December 11- December 14
The company is offering 10% retail discount per share
This IPO will be the biggest in two years after Coal India which raised about Rs15,000 crore in October 2010
Bank of America Merrill Lynch, J.P. Morgan, Standard Chartered, Deutsche Bank, HSBC, UBS, and India's Kotak Mahindra and Enam are advising Bharti Infratel on the IPO.
Bharti Infratel is controlled by Sunil Mittal
The shares of the Bharti Airtel dropped by 1.21% at Rs 326 on BSE at 10.35 am IST.
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