July 16 The undersea cable unit of India's Reliance Communications has extended to Thursday the institutional bookbuilding period for its up to $1 billion Singapore business trust IPO, a source with direct knowledge of the matter said on Monday.
The institutional offer for GTI Trust opened on July 9 and was originally due to close on Monday, according to an indicative timeline in a term sheet.
The source, who declined to be identified, also said the trading debut for GTI Trust was now set for July 25. The earlier term sheet had set a trading debut date of July 23.
(Reporting by Tony Munroe, Saeed Azhar, and Devidutta Tripathy)
Trending On Reuters
Business in india
Thousands of people swarmed the weekend opening of "Make in India" drive to attract foreign direct investment, pitched by PM Modi as "the biggest brand that India has ever created". Full Article | Slideshow