The price tag of Rs14 billion $337.5 million values the entire unit at $6.75 billion and sets a powerful benchmark for a planned initial public offering that, according to RComÆs chairman, will take place ôin the near futureö. The listing, he said yesterday, will give investors ôanother attractive opportunity to participate in IndiaÆs incredible telecom growthö.
Macquarie analyst Shubham Majumder, who is responsible for the most aggressive estimate on the street, had put the fair value of the...
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