NEW DELHI: RailTel Corporation of India on Thursday said it has set the price band of the Rs 819-crore initial public offer (IPO) at Rs 93-94 in which the government will sell a 27.16 per cent stake.
The offer comprises an offer for sale of up to 87,153,369 shares by its promoters, of which 5,00,000 shares will be reserved for its eligible employees.
The company said the issue will open on Tuesday, February 16, and the bidding process will close on Thursday, February 18.
