Viom Networks is planning to raise arouns Rs 1500 crore (Rs 15 billion) and is likely to list its shares on the London Stock Exchange (LSE), say sources.
The company needs Rs 2,000 crore more in 2 years to repay debt.
The company has similar pact with Bharti Infratel.
This will be the second high-profile exit from the company in recent months after Arun Kapur, the former chief executive, quit late last year.
PE giants Apollo, Bain Capital and Advent International are keen to pick stake in Viom
Hemant Kanoria tells Niraj Bhatt why understanding the dynamics of the borrower's business is critical for the lender.
So far this year, there have been 76 private equity investments in India
Officials of Reliance Jio Infocomm claimed to have achieved broadband speeds on their networks that are 10-12 times faster than 3G services.
Reliance Communications could become a much more formidable opponent.
American Tower bulks up in India with $1.2 billion Viom stake buy
Funds will be raised via non-cumulative preference shares issued to Tata Sons on rights basis
Srei Infrastructure's vice-chairman -- and former Assocham president -- Sunil Kanoria discusses the Kanoria businesses and his impression of the Modi government with Ishita Ayan Dutt and Namrata Acharya.
The company will wait for sizeable user base for better valuation.
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