Reliance Communications applies for Singapore IPO !!

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IndianMascot

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The undersea cable unit of India's Reliance Communications, has applied to list in Singapore, two sources with direct knowledge of the matter said, a move that could raise $1 billion to help its parent company pare a heavy debt burden.

Flag Telecom is seeking to raise $1.5 billion, according to the Business Standard newspaper, but sources have said that $1 billion is a more realistic target.





Reliance Communications applies for Singapore IPO: Sources - The Economic Times
 
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