- 12:43 PM Avoid telecom space: Adrian Mowat
- 12:39 PM 3G spectrum services likely to start only by June ...
- 12:39 PM India on recovery trail, but challenges loom: Stud...
- 12:26 PM Buy Orient Paper, target Rs 73: Sushil Financial
- 12:21 PM Buy Seamec; target of Rs 310: Hem
- 12:10 PM Lyondell deal will up RIL's refining margins: Expe...
- 12:05 PM JSPL to divest 10% stake in Jindal Power IPO in FY...
- 11:59 AM ITC hits all time high; market cap crosses Rs 1 Lk...
- 11:59 AM Buy Deepak Fertilizer; target of Rs 143: KRChoksey
- 11:55 AM US business economists raise 2010 growth outlook
Reliance Communication has decided for overseas public offer for its international communication subsidiary FLAG Telecom, for which it has shortlisted four merchant bankers.
Sources said Goldman Sachs, Deutsche Bank, Morgan Stanley and UBS were shortlisted for the process, which would see RCOM divesting 10-15% equity.
FLAG Telecom will be listed on the London Stock Exchange. FLAG is a 100% subsidiary of Reliance Communication.
The proceeds raised from the IPO will be used to part finance expansion plans announced last year, which include laying 50,000 km fresh undersea cable in regions where there is dearth of international bandwidth. The expansion plan could entail an investment of about 1.5 billion dollar (nearly Rs 7,000 crore).
CNBC-TV18 Disclaimer:
This information is source-based.
|
|
Business
Business News | Economy | Earnings | BSE NSE Notices
General News
Current Affairs | Politics | World News | Sports | Entertainment
Corporate Strategy
Management | Advertising | Marketing | Legal
Personal Finance
Tax | Insurance | Credit Cards | Loans | Property | Retirement | Investment Help | Financial Planning | Fixed Income
Markets
Local Market | Global Market | Market Cues | Analysis | Expert & FII outlook | Brokerage Recomendation
Stocks
Stocks in News | Expert Advice | ADRs & GDRs | IPO
Mutual Funds
News | Advice | MF Analysis | Fund Managers Views
Lifestyle
Travel | Wellness | Technology | Auto| Books
-
Most Read
-
Most Viewed
- 10 Companies that FIIs love
- Corrections in '10 to be more aggressive, violent: JPMorgan
- 10 companies that MF managers love
- Shilpa Shetty marries Raj Kundra
- 5 stks that were buzzing last week & how to trade them now
- Ignore Buffett, gold`s time has come
- Ganeshaspeaks: Market prediction for Nov 23
- Buy Aban Offshore, target of Rs 2,200: Anand Rathi
- Avoid telecom space: Adrian Mowat
Source: CNBC-TV18
- 3G spectrum services likely to start only by June 2010
Source: Moneycontrol.com
- Buy Orient Paper, target Rs 73: Sushil Financial
Source: Moneycontrol.com
- Buy Seamec; target of Rs 310: Hem
Source: Moneycontrol.com
- KSIDC in pact with FACT for trade centre
Source: Business Line
- GIC Re may have to pay Rs100cr for IOC's Jaipur fire claims
Source: Business Line
- Co-operative dairies seek restraint on oil-meal exports
Source: Business Line
- IT cos voice concern over proposed US law on hiring
Source: Business Line
