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Issue Open Date
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NA
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Issue Closing Date
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NA
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Application Money
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100
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Allotment Money
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Price Band
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-
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Minimium Application No.
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Issue Size (Shares)
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156000000
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Market Lot
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1
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Objective
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We intend to utilise the Issue Proceeds, after deducting the underwriting and issue management fees, selling commissions and other expenses associated with the Issue (the “Net Proceeds”) for the following objects:(a) Repayment of loans(b) General corporate purposes
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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Qualified Institutional Buyers
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Retail Individual Investors
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Business Description:
We are one of the leading passive telecommunication infrastructure providers in India, based on the number oftelecommunication towers that we own and the extent of the coverage of our optic fibre cable (“OFC”) network.“Passive infrastructure” refers to the telecommunication towers for wireless telecommunication services andOFC used for the purpose of hosting and assisting in the operation of the active infrastructure used fortransmitting telecommunications signals or transporting voice and data traffic. Our business is to build, own andoperate telecommunication towers, OFC and related assets and to provide these passive infrastructure assets ona shared basis to wireless and other communications service providers, as well as non-communicationscustomers under long-term contracts. These customers use the space on our telecommunication towers to installactive communication-related equipment to operate their wireless communications networks.We are a part of the Reliance ADA Group, one of India’s leading business conglomerates, with business interestsin the communications, power, financial services and entertainment sectors, among others. We were founded by,and are a subsidiary of, RCOM, the second largest wireless communications company in India (in terms ofsubscriber base) (Source: TRAI), with a total of 72.66 million CDMA and GSM subscribers as of March 31,2009, and the flagship company of the Reliance ADA Group’s communications business. Currently, RCOM andits wholly-owned subsidiary, Reliance Telecom Limited (“RTL”), are our anchor tenants for our towers, andRCOM is our anchor tenant for our OFC network.We were incorporated on April 16, 2001 under the Companies Act, 1956, but until March 30, 2007, we were adormant company with no material business or assets. On March 30, 2007, pursuant to the Merger Schemeapproved by the High Court of Bombay, RNGTPL, a subsidiary of RCIL which held certain telecommunicationsassets that could usefully be combined with passive infrastructure, was transferred into our Company. On April10, 2007, pursuant to the PTI Demerger Scheme, RCOM and RTL transferred to us the telecommunicationtowers and related assets that now constitute a substantial portion of our business operations. On September 15,2009, pursuant to the OFC Demerger Scheme, the OFC assets of RCOM were transferred into our Company.For a detailed description of each of the Demerger Schemes, see “Reorganisation” on page 65 of this Draft RedHerring Prospectus. Further to the Demerger Schemes, we are in the process of implementing the followingmeasures:a). transferring leases, for the land on which our telecommunication tower sites are located, from RCOMand RTL to us; andb). transferring various approvals from local and municipal authorities issued to RCOM and RTL to us toallow us to own and operate our telecommunication tower portfolio and OFC assets.For a description of certain risks associated with these ongoing matters and with the Reorganisation in general,see “Risk Factors – We face certain risks associated with the Demerger Schemes” beginning on page xx of thisDraft Red Herring Prospectus.Prior to their transfer to us, RCOM and RTL principally used these passive infrastructure assets in a proprietarymanner to operate their own respective wireless communications and voice and data networks.We intend to capitalize upon what we believe to be emerging trends within the Indian telecommunicationsindustry towards infrastructure integration and sharing, as well as the outsourcing of passive infrastructureoperations to independent third-party passive infrastructure providers, by offering passive infrastructure sharingto multiple wireless service and voice and data providers on a co-location basis across our integratedtelecommunication tower and OFC network.
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Promoter's Holding
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Total Share Capital
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Offered to Public
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Promoter's Holding (Pre-Issue)
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Promoter's Holding (Post-Issue)
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Address |
H Block
1st Floor
Dhirubhai Ambani Knowledge City
Navi Mumbai
,
Maharashtra
,
400710
Phone :
022-30386286
Email :
mca.rocfiling@relianceada.com
Website :
www.ritl.co.in
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Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
105-108
Arunachal Building
19
Barakhamba Road
New Delhi
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Listed at |
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BSE, NSE
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Lead Manager |
Deutsche Equities India Pvt Ltd
Enam Securities Pvt Ltd
HSBC Securities & Capital Markets (India) Pvt Ltd
ICICI Securities Ltd
JM Financial Consultants Pvt Ltd
JP Morgan India Pvt Ltd
Macquaire Capital Advisors (I) Pvt Ltd
UBS Securities India Pvt Ltd
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Promoters |
Reliance Communications Infrastructure Ltd.
Reliance Communications Ltd.
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