RIL planning pre-IPO private placement
November 15, 2005
Cellular major Reliance Infocomm, part of the Anil Dhirubhai Ambani Enterprises (ADAE) Group, is believed to be contemplating a $1 billion pre-IPO private placement. The ADAE Group is looking to sell around 10 per cent of Infocomm's equity, which would value the company at around $10 billion, or just under Rs 440 billion.
Reliance Infocomm posted a net profit of Rs 510 million on a turnover of Rs 53.87 billion in 2004-05. In 2003-04, it had a loss of Rs 1.7 billion on a turnover of Rs 27.07 billion.
Share:
- Most Viewed
- Most Rated
- Most Shared
- Related Articles
- Sterlite Technologies announces results ...
- Margins Under Pressure - Bharti and Idea...
- GTL Limited reports 26 per cent fall in ...
- Sify Technologies Limited reports third ...
- Financial briefs of March 2011
- Rush for Funds - 3G and BWA auctions spu...
- Spice Group plans to raise $ 1 billion t...
- Spice Mobility Limited plans to transfer...
- MTNL posts its results for the first qua...
- Banglalink raises $102 million through c...
No Most Rated articles exists!!
