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ITI to issue a follow-on public offer in July 2019

May 22, 2019
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According to an internal action plan note issued by the Department of Telecommunications (DoT), ITI Limited will offer Rs 180 million worth of fresh equity shares under a follow-on public offer (FPO) in July 2019 and will start roadshows for the FPO in the third week of June 2019.

As per the note, ITI Limited will file Red Herring Prospectus with Registrar of Companies (RoC) by July 16, 2019 and the issue is scheduled to open on July 31, 2019.

Further, an additional issue constituting up to 5 per cent of the net issue will be reserved for employees.


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