One97 Communications IPO : IPO by Sep 2010

by khalid on 11/08/2010 · 0 comments

One97 Communications is India’s largest and most widely deployed telecom application platform company. Telecom value-added services (VAS) provider One97 Communications Ltd has plans to launch an IPO of Rs. 120 crore by September 2010 for the purpose of raising funds from the primary market in order to meet its expansions plans and to leverage emerging opportunities of 3G (third generation telecom) in India and emerging global opportunities in VAS.

At present, Intel Capital (Mauritius) holds 9.7 per cent stake in the firm.

The IPO of One97 Communications Ltd. hope to be listed in Stock Exchanges between October and November 2010 or before that.

Source : BelltheBull

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