The initial public offering (IPO) of Bharti Hexacom will open for subscription on April 3 and close on April 5. The company has fixed a price band of Rs 542-570 per share.
The anchor book of the first public issue of the new financial year FY2024-25 will be open for a day on April 2. The company aims to raise Rs 4,275 crore from the stake sale.
The Bharti Hexacom IPO consists solely of an offer-for-sale (OFS) component, without any fresh issue of shares.
Telecommunications Consultants India, the sole public shareholder in the company, will offload 7.5 crore equity shares or a 15% stake in the OFS.
Sunil Mittal-driven telco Bharti Airtel holds a 70% stake or 35 crore shares and the remaining 30% shareholding, equivalent to 15 crore equity shares is held by non-promoter TCIL.
Bharti Hexacom runs mobile services in Rajasthan and the Northeast circles of India. Airtel will continue to hold a…
