Jul 16, 2012, 05.25 PM IST | Source: Reuters

Reliance Comm unit extends bookbuilding for IPO: Source

The undersea cable unit of India's Reliance Communications has extended to Thursday the institutional bookbuilding period for its up to USD 1 billion Singapore business trust IPO, a source with direct knowledge of the matter said on Monday.

The undersea cable unit of India's Reliance Communications has extended to Thursday the institutional bookbuilding period for its up to USD 1 billion Singapore business trust IPO, a source with direct knowledge of the matter said on Monday.

The institutional offer for GTI Trust opened on July 9 and was originally due to close on Monday, according to an indicative timeline in a term sheet.

The source, who declined to be identified, also said the trading debut for GTI Trust was now set for July 25. The earlier term sheet had set a trading debut date of July 23.

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