“Reliance Infratel has filed its draft red herring Prospectus (DRHP) with Securities and Exchange Board of India,” said Anil Dhirubhai Ambani group company RCom in a filing with the Bombay Stock Exchange (BSE) here.
Equity shares
Reliance Infratel, a passive telecom infrastructure provider, has planned an initial public offeringfor divesting 15.60 crore equity shares of Rs 10 each for cash at a premium to be decided through a 100 per cent book building process. The net issue would constitute 10 per cent of the post-issue paid-up equity capital of the company, the statement said.
JM Financial Consultants, JP Morgan, Deutsche Equities, Enam Securities, HSBC Securities, ICICI Securities, Macquarie Capital Advisors and UBS Securities are Book-Running Lead Managers (BRLM) to the issue.