Quippo to raise $300 million
April 15, 2009
Quippo Telecom Infrastructure, which recently bought a 49 per cent stake in TTSL's tower subsidiary, is looking to raise up to $300 million from the overseas market to finance future growth plans.
The company intends to raise funds through private placement of fresh equity shares to the company's existing stakeholders or to new strategic investors.
Quippo plans to use these funds to increase its tower count to more than 30,000 by 2009-10.
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