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Date Time:07-01-2009 05:28
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Reliance Infratel IPO not until market stabilize - Anil Ambani
October 4, 2008 · Filed Under Reliance Communication · Comment
Reliance Infratel, an Anil Dhirubhai Ambani Group (ADAG) company, will not enter the capital markets anytime soon. The initial public offering (IPO) of the company will be deferred till the markets gain stability. “Markets are choppy at this point of time and all of you are aware of that, in the present conditions we do not expect an IPO for Reliance Infratel,” said the company’s chairman Anil Ambani at the annual general meeting (AGM) of Reliance Communications (RCom).