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Bharti Airtel Ltd Shortlists Kotak Mahindra Bank Limited And Other Banks For Telecom Masts IPO-Reuters

Friday, 24 Aug 2012 10:51am EDT 

Reuters reported that Bharti Airtel Ltd has shortlisted banks including Standard Chartered PLC and JPMorgan Chase & Co. to manage a share flotation for its telecoms masts unit to raise more than $750 million. Tse Company has also shortlisted Bank Of America Corporation's Bank of America Merrill Lynch, HSBC Holdings plc, UBS AG and India's Kotak Mahindra Bank Limited for the initial public share offer (IPO). Bharti may file a prospectus for the IPO with the Indian market regulator next month, said the sources, declining to be named as they are not authorised to speak to the media. The unit, Bharti Infratel, is eyeing a listing in the first half of 2013. 

Company Quote

-8.1 -0.93%
11 Jul 2014