PE-backed Bharti Infratel set for IPO next month – report
Bharti Infratel, the Indian telecoms infrastructure subsidiary of Bharti Airtel, is expected to launch its $900 million IPO next month. The intended flotation – which has been mooted for more than a year – will be the country’s largest in two years after Coal India raised $3.43 billion in 2010.
According to market sources, the company will list 10% of its expanded share capital, or 188.9 million shares. Of these, 146.23 million will be fresh capital and the rest will be sold by existing investors....
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