RJio IPO: CLSA said with a likely RJio IPO ahead, which the RIL management talked of in 2019 would be a rerating catalyst for Bharti. Its target of Rs 1,110 for Bharti Airtel translates to 10 times EV/Ebitda for India operations.
Bharti Hexacom IPO: The government of India through Telecommunication Consultants of India Limited (TCIL) owns the rest 30 per cent of the equity share capital of the company.
Bharti Airtel: Incorporated on April 20, 1995, Bharti Hexacom is into telecommunication business in Rajasthan and North East Circle. The company claims to be the largest mobile telephony services in Rajasthan and the North Eastern regions of India. It also provides fixed-line and broadband services in the state.
Bharti Airtel is expected to engage with top global banks such as Barclays and Citi later this month to discuss the preferred mode of fundraising and pricing.