Bharti Infratel to use IPO Proceeds For Towers
Bharti Infratel, a subsidiary of telecom operator Bharti Airtel, will use the proceeds of its Initial Public Offering (IPO) to set up 4,813 new telecom transmission towers and upgradation its existing ones. The company was looking at raising about Rs 5,000 crore through the IPO and had filed the Draft Red Herring Prospectus (DRHP) last week. The public offer would constitute an offer of 18.89 crore shares, comprising a fresh... Read More