NewsX Community
Reliance Infratel
Anil Ambani group firm Reliance Infratel, which has proposed an initial public offer of its shares, will utilise bulk of the IPO proceeds for repayment of loans totalling Rs 4000 crore to its promoters.- The stock market woes for India's second richest person Anil Ambani, it seems, are unending with Reliance Infratel scrapping its estimated Rs 6,000-crore IPO plans for now.
