Micromax Informatics looking at IPO?

Report said that the company plans to diluting a minority stake in the next financial year starting April.

Jan 03, 2015 09:01 IST India Infoline News Service

Micromax Informatics, one of India's top mobile phone makers, is planning to raise as much as $500 million (Rs 3,170 crore) via IPO, according to reports.

Report said that the company plans to diluting a minority stake in the next financial year starting April.

The company has begun shortlisting investment bankers to manage an initial public offer.

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