Reliance Infratel IPO : SEBI cleared DRHP

by khalid on 15/01/2010 · 0 comments

reliance infratel

Reliance Infratel is the telecoms tower unit of Indian’s second largest mobile operator Reliance Communications Ltd. SEBI cleared its DRHP application today for its IPO. The company is looking to raise Rs 5,000 crore ($1 billion) through the Initial Public Offer ( IPO ). The is going to offer 10 percent of its stake to the public through this proposed IPO.

On this news of DRHP clearance from SEBI, R.Com share increased about 4 percent.

Share’s Data :
BSE Code : 543712
Mkt. Cap: Rs 39525 Crores
P/E: 15.41
EPS: 11.40
Face Value : Rs 5
Last Dividend : 16% On Jul 2009
52 Week H/L : Rs 359.10 / 131.35
Reliance Communications Ltd.share’s CMP is Rs 191.50 on 14th Jan 2010.

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