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Bharti Infratel prices IPO, seen raising Rs 4,180 cr

The IPO, which closed on Friday, was subscribed 1.3 times

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Press Trust of India New Delhi

Bharti Infratel Ltd said on Monday it priced its initial public offering at Rs 220 a share for funds and high net worth investors and at Rs 210 a share for retail investors,

Bharti Infratel, a unit of Bharti Airtel, raised about Rs 4,180 crore from the share sale, according to Reuters calculations.

The telecommunications tower operator had set an indicative price range of 210-240 rupees a share for India's biggest IPO in two years.

The IPO, which closed on Friday, was subscribed 1.3 times.

 

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First Published: Dec 17 2012 | 3:23 PM IST

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