RCOM gets ‘in principle’ approval for Globalcom IPO

10 Apr 2012

India’s Reliance Communications (RCOM) has received ‘in principle’ approval from Singapore’s stock exchange to list its submarine cable arm, Reliance Globalcom, on the city state’s bourse through an initial public offering (IPO). According to Reuters, which cites a source with direct knowledge of the situation, the IPO would take place in the current quarter.

India, Singapore, Reliance Communications (RCOM)