ACME Tele to revive public issue process

ACME Tele to revive public issue process
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First Published: Fri, Jun 26 2009. 10 48 PM IST
Updated: Fri, Jun 26 2009. 10 48 PM IST
New Delhi:ACME Tele Power Ltd has revived the process of floating its initial public offering and has begun talks with merchant bankers for the same, a banker familiar with the development said on Friday. The company had originally filed the draft red herring prospectus with capital market regulator, Securities Exchange Board of India, in November 2007 but finally dropped the plans after the capital market collapsed last year.
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First Published: Fri, Jun 26 2009. 10 48 PM IST
More Topics: IPO | Money | ACME | Teleservices | Sebi |