The initial public offering (IPO) of Excel Infoway will open on 14 July 2009. The company proposes to approximately issue 5.7 crore equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process to finance its expansion plans. The issue will close on 17 July 2009.
The issue will constitute 26.93% of the fully diluted post issue paid-up capital of the company.
The equity shares are proposed to be listed on Bombay Stock Exchange of India (BSE) and National Stock Exchange (NSE).
Excel Infoway is a Mumbai-based business process outsourcing (BPO) and Customer contact centre and caters primarily to clients from telecommunication and financial sectors.
Source: CapitalMarket.com
Thursday, July 9, 2009
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