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Thursday, May 15, 2008

Reliance Infratel gets SEBI nod for IPO

Reliance Infratel, a subsidiary of Reliance Communication, has received SEBI nod for its initial public offering, IPO. The company is looking to raise Rs 5,000-6,000 crore via 10% dilution,

Reliance Communication holds 95% stake in Reliance Infratel.

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