Telecom service provider Bharti Hexacom Ltd is set to start trading in Mumbai after an initial public offering that raised 42.75 billion rupees ($514 million) to become India’s largest in about a year.
Shareholder Telecommunications Consultants India Ltd sold 75 million shares in the company at 570 rupees apiece last week, the top of a marketed range. The offering drew bids for more than 30 times the number of shares on offer. Trading begins at around 10 a.m. local time on Friday.
