Reliance Infratel does not plan for IPOReliance Infratel is not planning for IPO due to the turbulent market conditions.
30 Sep 2008
Reliance Infratel is not planning for IPO due to the turbulent market conditions.
The company had planned for an IPO early this year and had
filed the prospectus SEBI. It received clearance from the market regulator SEBI
but did not go ahead with the IPO.
Reliance Infratel is a subsidiary of Reliance Communications. It is engaged in building towers.
According to Anil Ambani the value of the tower business has
expanded significantly over the last one year as many new telecom operators are
likely to use these towers to launch their wireless operations.