MUMBAI: Anil Ambani-owned Reliance Communications (RCOM) is planning to list its overseas cable assets under a business trust structure on the Singapore Stock Exchange, a person involved told ET. The debt-laden RCOM is hopeful of raising $1.5 billion ( 7,700 crore), by parting with as much as 75% of the submarine cables held by FLAG Telecom, which is a unit of Reliance Globalcom. Full story
Related:
Reliance Comm may seek up to $1.5 billion in unit IPO: sources - Reuters
RCOM eyes $1.5bn IPO for cable biz in Singapore - The Times Of India
Billionaire Ambani Said to Prepare $1.5 Billion IPO of FLAG - BusinessWeek
