|Mr.Rakesh Bharti Mittal,Chairman addressing the Media.|
Bharti Infratel Ltd.(BIL), is a part of Bharti group. The company is one of the largest Tower infrastructure providers in the country.The company with Indus(BIL has 42% in Indus) has large number of Towers in the country.
BIL and Indus have long term Master Service Agreements(MSA's) with tenant Telcos which will generate regular cash flows to the company by way of Tower rentals.
CRISIL Ltd.has assigned "IPO Grade 4/5 which indicates above average fundamentals.The Price band is between Rs.210-240.The issue opens to public on December,11th and closes on December,14th.
Note:The investors should go through the company's prospectus before making an investment decision in the issue.