Bharti Airtel’s Affiliate, Bharti Hexacom, Has Filed Draft Documents for an IPO; The Government Plans to Sell 10 Crore Shares

Telecommunications Consultants India is the issuer and is offering to sell up to 100,000,000 shares.

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Bharti Airtel informed the exchanges in an announcement that there would be no new shares issued in the IPO

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As part of the IPO, Telecommunications Consultants India is offering to sell up to 100,000,000 shares.

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The government-owned business Telecommunications Consultants holds a 30% share in Bharti Hexacom.

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According to a notification from Bharti Airtel to the exchanges, there won’t be any further shares issued in the IPO.

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Bharti Hexacom won’t get any revenues from the share offering since there won’t be a new share issue during the IPO.

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Bharti Airtel’s Affiliate, Bharti Hexacom, Has Filed Draft Documents for an IPO; The Government Plans to Sell 10 Crore Shares