Ortel Communications has proposed to issue equity shares to Promoters / Promoter group entities not exceeding 25,00,000 Equity Shares having a face value of Rs 10 each at an issue price of Rs 35 per equity share (including a premium of Rs 25 per equity share) on a preferential basis for an aggregate consideration of up to Rs 8,75,00,000.
Ortel Communications is a leading cable television and high speed broadband services provider focused in the Indian states of Odisha, Chhattisgarh, Madhya Pradesh, Andhra Pradesh, Telangana & West Bengal.