Cable distribution firm Ortel Communications Ltd today said it has filed a Draft Red Herring Prospectus (DRHP) with market regulator SEBI for an initial public offering (IPO) to raise over Rs 100 crore.
The media & entertainment sector is taking the next leap with digitisation coming to its fold.
Sudhir Agarwal, chief executive officer of the company tells CNBC-TV18 that he is not worried about the weak cash flows that his balancesheet for Q2 reflects, since the company has been gaining from strength-to-strength over the past couple of quarters. In fact, he expects his company to turnover in the next two-three quarters.