TCIL to raise Rs 1,500 cr from IPO, spend Rs 600 cr on expansion
The government plans to sell up to 15 per cent stake in the IPO to mop up about Rs 900 crore. Separately, TCIL wants to issue fresh shares to the tune of 10 per cent, which could fetch the company up to Rs 600 crore.
Telecommunications Consultants India Ltd (TCIL) expects to raise roughly Rs 1,500 crore from its planned IPO, Photo: Pixabay