R-Com sets price range for $1 bn Singapore cable IPO

Communications, controlled by billionaire Anil Ambani, is looking to raise funds to ease a debt load of $7 billion as of MarchSingapore: Reliance Communications Ltd has set an indicative price range for the Singapore initial public offering of its undersea cable unit that could raise as much as $1 billion and help the parent reduce its debt load, IFR Asia reported on Monday.Reliance Communications,...

Reliance Communications Offers 9.5-11.5 Percent Yield For GTI In Singapore

Reliance Communications has set a price range of over $1billion for its undersea cable unit's initial public offering in Singapore.According to a Reuters report, the parent company has set $1.09-$1.32 per unit and intends to use the raised amount for reducing its debt burden, which is to the tune of $7 billion as of March.The Global Telecommunications Infrastructure Trust (GTI), the sub-sea cable unit...

RComm sets price range for $1 bn Singapore cable IPO

Reliance Communications Ltd has set an indicative price range for the Singapore initial public offering of its undersea cable unit that could raise as much as $1 billion and help the parent reduce its debt load, IFR Asia reported on Monday.Reliance Communications, controlled by billionaire Anil Ambani, is looking to raise funds to ease a debt load of $7 billion as of March. It has been unsuccessful...