AZB & Partners and Dorsey & Whitney are acting as the advisors for One97 Communications and its underwriters respectively, on the former’s IPO..The telecom application platform developer which also provides value added service provider to telecom companies, consumers and enterprises in India also implements turnkey projects for telecom operators and business enterprises on solution design, project management, supply and systems integration, commissioning and technical support..One97 intends to use the proceeds to procure telecom equipment and software for installation at its office and at the customers’ office in addition for general corporate purposes. One97 is promoted by Vijay Shekhar Sharma and is planning to raise approx. Rs. 120 crore ($25.25 million). The draft red herring prospectus was filed with the SEBI on May 18, 2010.
AZB & Partners and Dorsey & Whitney are acting as the advisors for One97 Communications and its underwriters respectively, on the former’s IPO..The telecom application platform developer which also provides value added service provider to telecom companies, consumers and enterprises in India also implements turnkey projects for telecom operators and business enterprises on solution design, project management, supply and systems integration, commissioning and technical support..One97 intends to use the proceeds to procure telecom equipment and software for installation at its office and at the customers’ office in addition for general corporate purposes. One97 is promoted by Vijay Shekhar Sharma and is planning to raise approx. Rs. 120 crore ($25.25 million). The draft red herring prospectus was filed with the SEBI on May 18, 2010.
