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
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OVETEL RCOM gets ‘in principle’ approval for Globalcom IPO
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