India Tower Firm Quippo Telecom Infrastructure Ltd plans to raise 9 Billions rupees by issuing shares to shareholders also to sell shares in Secondary Market. Shareholder of Unlisted Quippo includes SREI infrastructure, IDFC Private Equity and Government of Singapore Investment Corporation agreed to pay 24 billion rupees. According to reliable sources IDFC Private Equity would subscribe shares of 2.5 billion rupees.Tata Teleservices is expanding its GSM Mobile Services while Datacom is yet to start operations.
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