Mumbai:
Net 4 India Ltd, one of the leading IP communications provider, has filed
its offer document for 'offer for sale' to comply with the continuous listing
guidelines of SEBI./Stock Exchanges.
One of the promoter groups is offering 20,68,200 equity shares of Rs.10 each
for cash at a premium of Rs10 (offer price Rs20) per equity share aggregating
Rs413.64 lakhs The offer constitutes 12.73 per cent of the paid up capital
of Net 4 India Ltd. The
equity share offer through this offer document are proposed to be listed on
The Stock Exchange, Mumbai (BSE) and are already listed on The Delhi Stock
Exchange, New Delhi (DSE). The
company is one of India's leading IP communications services company and amongst
the largest provider of web hosting and domain name registration services
in Asia Pacific (net4domains.com). The
company's operations include enterprise access services (BroadBand and leased
lines), IP telephony services and operates Internet Data Centre facilities
in six cities.
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