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Reliance Commn tower arm Infratel IPO likely before March (The Hindu Business Line 4th Feb 2008)The initial public offer of Reliance Communications Ltd's passive infrastructure company Reliance Infratel Ltd is likely to hit the market before March.
The company filed the required applications with the capital market regulator on Monday.
The SEBI would take 30 days to clear the draft red herring prospectus, and the IPO should be opened to the public within two-three weeks of a regulatory approval. Reliance Communications would dilute 10% stake in Infratel via the IPO. More
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