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TCIL proposes IPO
NEW DELHI,
FEB. 25.
State-owned Telecommunica- tion Consultants India Ltd (TCIL) today said it planned an Initial Public Offer to offload 25 per cent equity in the market to raise up to Rs. 200 crores.
The indications came as the company offered its sixth bonus issue to the Government taking the paid up capital to Rs. 28.80 crores. The bonus issue in the ratio of 1:1 was handed over by the TCIL's CMD, G. D. Gaiha, to the Telecom Secretary, Nripendra Mishra, in the presence of the Union Communications Minister, Arun Shourie.
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