India: State-owned RailTel files draft red herring prospectus for $93.3m IPO

India: State-owned RailTel files draft red herring prospectus for $93.3m IPO

India Gate. Photo: Abhidev Vaishnav/unsplash

State-owned RailTel Corp. on Friday filed the draft red herring prospectus for its proposed IPO with the Securities and Exchange Board of India (Seb), with the government looking to divest stake worth 700 crore.