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Ortel Communications raises Rs 10 crore on private placement basis

13 Apr 2018 Evaluate

Ortel Communications has raised Rs 10 crore on private placement basis. The Share Allotment Committee of the Board of Directors of the company at its meeting held on April 12, 2018, has allotted 1,00,00,000 9% Non-Convertible, Cumulative, Redeemable Preference Shares of face value of Rs 10 each on private placement basis.

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.

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