\"\"
<\/span><\/figcaption><\/figure>NEW DELHI: The Department of Telecommunications<\/a> (DoT<\/a>) is planning to raise as much as Rs 7,000-crore by selling a 30% stake in state-owned Telecommunications Consultants India Limited<\/a> (TCIL) in Bharti Hexacom<\/a>, a unlisted company, incorporated in 1995 to offer telephony services in Rajasthan and northeast circles.

\"The telecom department (
DoT<\/a>) is considering selling TCIL's 30% share in Bharti Hexacom<\/a>, and is expected to raise nearly Rs 7,000 crores depending upon the parent company's market capitalisation,\" a person familiar with the matter told ETTelecom.

Bharti Hexacom, as a part of arrangement, would opt for a public listing of its stocks, and issue an Initial Public Offer (IPO) upon regulatory approvals.

SBI Caps<\/a> has been roped in for valuation and completion of transation by TCIL.

The department is in the final stages of issuing a direction to the state-driven company which, according to the person in the know, would first negotiate with Bharti, which has a right for refusal as per terms and conditions of the agreement between the two.

Bharti Hexacom is a joint venture (JV) between
Bharti Airtel<\/a> which owns a 70% stake, and state-run TCIL that holds a 30% share in the JV.

Initially, TCIL was planning for disinvestment of equity stake in Bharti Hexacom but the Department of Investment and Public Asset Management (DIPAM) indicated that the department was not mandated to initiate disinvestment of a public sector unit in some other private company.

\"Bharti<\/a><\/figure>

Bharti Airtel board meet on Jan 28 to explore fundraise via preferential issue<\/a><\/h2>

The move, analysts say, could be to accommodate a “global strategic investor”, which would strengthen the telco’s financials ahead of a 5G spectrum auction mid-year and expected top dollar investments in the roll out of the next generation technology.<\/p><\/div>

\"\"
<\/span><\/figcaption><\/figure>NEW DELHI: The Department of Telecommunications<\/a> (DoT<\/a>) is planning to raise as much as Rs 7,000-crore by selling a 30% stake in state-owned Telecommunications Consultants India Limited<\/a> (TCIL) in Bharti Hexacom<\/a>, a unlisted company, incorporated in 1995 to offer telephony services in Rajasthan and northeast circles.

\"The telecom department (
DoT<\/a>) is considering selling TCIL's 30% share in Bharti Hexacom<\/a>, and is expected to raise nearly Rs 7,000 crores depending upon the parent company's market capitalisation,\" a person familiar with the matter told ETTelecom.

Bharti Hexacom, as a part of arrangement, would opt for a public listing of its stocks, and issue an Initial Public Offer (IPO) upon regulatory approvals.

SBI Caps<\/a> has been roped in for valuation and completion of transation by TCIL.

The department is in the final stages of issuing a direction to the state-driven company which, according to the person in the know, would first negotiate with Bharti, which has a right for refusal as per terms and conditions of the agreement between the two.

Bharti Hexacom is a joint venture (JV) between
Bharti Airtel<\/a> which owns a 70% stake, and state-run TCIL that holds a 30% share in the JV.

Initially, TCIL was planning for disinvestment of equity stake in Bharti Hexacom but the Department of Investment and Public Asset Management (DIPAM) indicated that the department was not mandated to initiate disinvestment of a public sector unit in some other private company.

\"Bharti<\/a><\/figure>

Bharti Airtel board meet on Jan 28 to explore fundraise via preferential issue<\/a><\/h2>

The move, analysts say, could be to accommodate a “global strategic investor”, which would strengthen the telco’s financials ahead of a 5G spectrum auction mid-year and expected top dollar investments in the roll out of the next generation technology.<\/p><\/div>