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Bharti Airtel Ltd's Bharti Infratel Likely To File Papers For INR5,000 Crore IPO Of 188 Million Shares-The Economic Times


Monday, 10 Sep 2012 08:00pm EDT 

The Economic Times reported that Bharti Infratel, the tower arm of India‚Äôs mobile phone operator Bharti Airtel Ltd, is likely to file a draft prospectus with the market regulator early this week for raising INR5,000 crore through an initial public offering (IPO), two persons familiar with the development said. The proposed IPO of 188 million shares will be issued. The bankers are expected to file the prospectus early this week, and the Company aims to open the issue by end of November or early December, a senior executive said. The Board of Bharti Infratel has appointed 13 merchant bankers, including nine foreign banks.