Russian-backed cellco Sistema Shyam Teleservices Ltd (SSTL) is looking to raise INR60 billion (USD1.147 billion) through a preferential share issue. The company said that the shares were ‘non-convertible and redeemable’ adding that there would be no change to the equity structure of the company.
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OVETEL SSTL looks to raise INR60bn; leaders expect amicable resolution
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