Reliance Infra, Globalcom IPOs after markets stabilise: Anil Ambani

Reliance ADAG Chairman Anil Ambani on Thursday said inital public offering of two group companies Rel Infra, Globalcom would commence only after the volatility in global and domestic market subsides. "We have received the approvals on the Red Herring Prospectus... The volatility in global and Indian capital markets is what we are watching," he said, adding that a decision would be taken at an appropriate time. Replying to queries on the IPO of Reliance Infratel in India and listing of Globalcom in London, he told market analyst, "When we find an appropriate time, I am sure that we will proceed both with Globalcom and Reliance Infratel. "We are using this time to complete the roll out on Infratel and also in our negotiations with our prospective customers for Globalcom", he said in his post financial result conference.
Avdhoot Investment

Reliance Infratel gets SEBI NOD for IPO

Reliance Telecom Hold 95% stake in Reliance Infratel.
Looking to raise 5000 to 6000 crore via 10% dilution.
Avdhoot Investment

Reliance Infratel IPO and Reliance Power Bonus Issue

Reliance Power Bonus issue is a strategy to create a very good investor relation and as they need more fund for all other company through IPO they are making sure that the retailers and other investor are happy , The next big IPo coming from them is Reliance Infratel IPO.

Reliance Infratel IPO - Issue Details

About Reliance InfratelThe Company is part of the Reliance Anil Dhirubhai Ambani group and its business is to build, own and operate telecommunication towers and related assets at designated sites and to provide these passive telecommunication infrastructure assets on a shared basis to wireless service providers and other communications service providers under long-term contracts.These customers use the space on the Company’s telecommunication towers to install their active communication-related equipment to operate their wireless communications networks.About Reliance Infratel IPO IssueReliance Communications Ltd has announced that the Reliance Infratel Ltd, (the “Company”), subsidiary of the Company proposes an initial public offering of 8,91,64,100 Equity Shares of Rs 5 each (”Equity Shares”) for cash at a premium (the “issue”) to be decided through the 100% book building process. The Issue will constitute 10.05% of the post-Issue paid-upequity capital of the Company.DRHP with SEBIThe Company has filed its Draft Red Herring Prospectus (”DRHP”) with the Securities and Exchange Board of India (”SEBI”), on February 04, 2008.Issue AllocationQIB - 60 percent and Mutual Fund 5 percent out of it .Retail - 30 percentNon-Institutional Bidders - 10 percentIssue PurposeThe Issue proceeds are proposed to be utilized to finance the development of passive infrastructure sites and for general corporate purposes.