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Bharti Infratel To Raise $500M In IPO
Bharti Infratel is planning to raise around $500 million in an initial public offering.
Bharti Infratelis planning to raise around $500 million in an initial public offering (IPO),Reutersreports. The mobile phone tower unit ofBharti Airtelis seeking to file for the same by the end of this year.
The other financial details of the offering have not been disclosed yet.Standard CharteredandMorgan Stanleyare expected to help manage the offering for the Indian company.
Click here for the story fromReuters.