Key Points
Marquee anchor investors, who participated in the anchor book include Capital Group, Fidelity Funds, ADIA, Morgan Stanley among others...
Telecommunications Consultants India (TCI), the sole public shareholder in the company, will offload 7.5 crore equity shares or a 15% stake via the OFS...
Sunil Mittal-driven telco Bharti Airtel holds a 70% stake or 35 crore shares of Bharti Hexacom, and the remaining 30% shareholding, equivalent to 15 crore equity shares is held by non-promoter TCIL...
Analysts advised investors to subscribe to the Rs 4,275 crore issue as the company has strong parentage and an established brand along with a presence in markets with high growth potential..
"Considering the FY24-annualized EPS of Rs 7.52 on a post-issue basis, the company will list at a P/E of 75.80 times with a market cap of Rs 28,500 crore, whereas its peer Bharti Airtel is trading at a P/E of 63.3 times..
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