labels: investment - general, it news
Net 4 India files for an ''offer for sale'' document with SEBI news
Our Infotech Bureau
30 May 2005

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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Net 4 India files for an ''offer for sale'' document with SEBI