ITI has fixed a price band of Rs 72-77 a share for its follow-on public offer, which will hit the capital markets on January 24. The FPO comprises fresh issue of up to 18 crore equity shares. Besides, an additional issue constituting up to 18 lakh shares will be reserved for employees.
The issue will open on January 24 and close on January 28.
ITI offers products and services in the telecom sector. The company has a range of telecom products and total solutions covering the whole spectrum of switching, transmission, access and subscriber premises equipment.
