Aircel plans IPO (Initial Public Offer)

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Aircel has decided to raise $1.6 billion (Rs 6,400 crore) in short-term debt in a week and subsequently also come up with an initial public offer (IPO) in a year to fund its companies expansion plans.

Aircel, part of Maxis Communications Berhad, Malaysia, is India’s seventh largest GSM mobile service provider with a subscriber base of over 6.2 million (over 4 million in Chennai & Tamil Nadu alone) and the fastest growing mobile operator in the country.

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