Business - Briefly   

Spice Telecom to dilute equity through IPO

NEW DELHI: Spice Telecom plans to dilute 20 per cent equity through an initial public offer to raise $250-300 million by the end of the year. This was disclosed here on Monday by the company Chairman, Dilip Modi, who said the IPO would be followed by a second round of funding of $350 million over the next two years.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Banks queue up to acquire United Western
Kalam asks Indian Bank to set higher growth targets
Private wheat import at zero duty
Centurion, LKB approve merger
AV Birla forms JV with Chinese firm
NXP Semiconductors' investment plans
Sharp rally in rupee
Sensex spurts 136 points on firm Asian markets
Arjuna Natural Extracts gets Indian patent for Biocurcumax
Cochin Port Trust on an expansion mode
Exchange rates
Bullion rates
Spice Telecom to dilute equity through IPO
Falcon cable through Gulf to go live today
Infrastructure sector grew by 9 p.c. in July
Chemicals Ministry seeks tax exemptions
Usha Narayanan takes charge as SEBI ED
Karnataka Bank revises NRE/FCNR (B) rates
Suzlon secures further orders
TNT acquires Speedage
Colgate-Palmolive observes Oral Health Month
Flender names Managing Director-designate
Jet Airways to have in-flight entertainment

Copyright © 2006, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu