Business Standard

Hutch Max Gets Nod For $150m Adr

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BSCAL

The telecom joint venture is the second Indian company after BPL Cellular Holdings to have received the finance ministry go-ahead for an ADR offering.

The proceeds of the issue, which is expected in November, will be used to strengthen its cellular telephone network in Mumbai. Sources said the company

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First Published: Oct 09 1996 | 12:00 AM IST

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