India telecom firm revives IPO after 8 years

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By Jonathan Breen
15 Sep 2016

Telecom hardware company Tejas Networks has returned to the market for a listing, having first proposed an IPO before the financial crisis.

The firm, based in Bengaluru, is planning to raise around Rp8bn ($119.8m), which will give it a value of Rp24bn, according to a source close to the situation.

Tejas has hired Axis Capital, Citi, Edelweiss Financial Services and Nomura to handle the IPO, said the source. The company ...

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