The follow-on offering (FPO) of ITI, a government-owned technology firm operating in the telecom sector, was subscribed 9 per cent on Monday. The FPO closes on Tuesday. The price band for the FP0 is Rs 72-Rs 77 per share. The firm is looking to raise fresh capital of over Rs 1,300 crore. The issue will lead to dilution of 20 per cent.
Tuesday, January 28, 2020
ITI FPO subscribed 9% a day before close; firm plans to raise Rs 1,300 cr
The follow-on offering (FPO) of ITI, a government-owned technology firm operating in the telecom sector, was subscribed 9 per cent on Monday. The FPO closes on Tuesday. The price band for the FP0 is Rs 72-Rs 77 per share. The firm is looking to raise fresh capital of over Rs 1,300 crore. The issue will lead to dilution of 20 per cent.
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