Bharti Infratel pulls off India’s largest IPO in two years

The telecom tower operator raises $763 million in a busy week for Indian deals after attracting good demand from foreign investors.

Bharti Infratel pulls off India’s largest IPO in two years

Bharti Infratel, one of India’s largest providers of telecommunication towers and other infrastructure, has raised about Rs41.719 billion $763 million from the largest initial public offering in India in two years.

The company, which is controlled by Bharti Airtel, the leading provider of wireless services in India, sold 10% of its enlarged share capital although close to a quarter of the shares came from four pre-IPO shareholders, namely Temasek, Goldman Sachs, Anadale and Nomura.

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