Reliance Infratel files DRHP with SEBI

Anil Dirubhai Ambani Anil Dirubhai Ambani led Reliance Infratel has filed a draft red herring prospectus (DRHP) with market regulator, the Security and Exchange Board of India (SEBI).

Reliance Infratel, a passive telecom infrastructure provider, is planning an IPO for divesting 15.60 crore equity shares of Rs 10 each for cash at a premium to be decided through a 100 per cent book building process.

The company had revenues of Rs 4,934-crore in FY 09. At present, it has 48,000 towers and 75,000 tenants.

Reliance Communications holds 95 percent stake in Reliance Infratel.