Bharti Hexacom IPO likely to launch in April, seeks valuation over ₹28,000 crore: Report
₹28,000 crore, reported CNBC-TV18 citing its sources. Bharti Hexacoms IPO size is expected to be about ₹4,300 crore, according CNBC-TV18 report.
Recently, the stock market regulator Securities and Exchange Board of India (SEBI) approved Bharti Hexacom, a subsidiary of Bharti Airtel, to seek funds through an IPO. In January, Bharti Hexacom filed its Draft Red Herring Prospectus (DRHP) with SEBI.
Also Read: Airtel's unit Bharti Hexacom gets SEBI approval to float IPO The government-owned company Telecommunications Consultants holds a 30% stake in Bharti Hexacom. Bharti Airtel has the remaining 70% of Bharti Hexacom.
The IPO will be completely offer-for-sale (OFS) of up to 10 crore equity shares by its existing shareholders. "Exciting news! Mint is now on WhatsApp Channels
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