According to the draft papers, the corporation will only issue new shares, and current shareholders will not sell their stakes.
The NFO is available for subscription from September 17 to September 24.
For Vi, in 2019, the Supreme Court upheld the Department of Telecom's AGR demand, resulting in a burden of ₹58,000 crore.
IPO proceeds will be used to fund ₹120 Crore for working capital, ₹30 Crore for acquisitions to support inorganic growth, and general corporate purposes.
The company sold its shares for ₹163-172 per share. Western Carriers' post-listing market capitalisation is expected to be ₹1,754 crore.
In addition to tapping into its 5,100-plus service centres in 2,300 cities, the country's leading carmaker is in talks with oil marketing companies (OMCs) and energy companies
With a higher year-ago base, the maximum gains in WPI inflation came from the food basket
The price band for the issuance is ₹121 to ₹128 per share. Subscriptions for this issue began on Monday, September 16, and will end today.
The BSE Midcap Index is down by 1.45%, and the BSE Smallcap Index has seen a decline of 1.77%
ABCL’s consolidation aims to improve operational efficiency, simplify processes, and enhance capital allocation across subsidiaries, benefiting shareholders.

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