Mumbai – After receiving board permission, Bharti Airtel‘s subsidiary Bharti Hexacom filed the draft red herring prospectus (DRHP) for an initial public offering with the Securities and Exchange Board of India (Sebi) on Saturday. Bharti Airtel owns the remaining 70% of Bharti Hexacom. Bharti Hexacom won’t get any revenues from the share offering since there won’t be a new share issue during the IPO. The article “Bharti Airtel Arm Bharti Hexacom Files Draft Papers forIPO” can be found at https://economictimes.indiatimes.com/markets/ipos/fpos/Bharti Airtel Arm Bharti Hexacom Draft Papers forIPO/articleshow/107009829.cms. With a diverse spectrum portfolio that includes mid-band spectrum, Bharti Hexacom is able to provide clients with 5G+ services.

Source: Economic Times January 20, 2024 11:11 UTC