RailTel Company of India, one of many largest impartial telecom infrastructure suppliers in India, will record on the bourses tomorrow i.e. February 26. RailTel Company’s Rs 819 crore preliminary public supply (IPO) was a proposal on the market by the federal government as a part of the divestment programme. The IPO, which was open for bidding between February 16 and February 18, was subscribed 42.4 occasions.
RailTel Company was integrated in September 2000. It’s among the many largest impartial telecom infrastructure suppliers in India, offering telecom community companies, nationwide lengthy distance companies and telecom infrastructure companies throughout greater than 55,000 route kilometers of optical fiber cable community and connecting 5,677 railway stations throughout the nation.
In the meantime, Nureca, which owns the Dr Belief model, made a stellar inventory market debut in the present day i,e. Wednesday. The shares opened for buying and selling with a good points of over 50 per cent vis-a-vis the problem value of Rs 400. On the NSE, Nureca opened for buying and selling at Rs 615, a premium of 54 per cent and on the BSE, Nureca shares began the day larger by 59 per cent at Rs 635.