IPO: India's Reliance Communications

IPO: India's Reliance Communications plans to list its subsea cable infrastructure network in Sg through a business trust. SGX has granted the unit approval on requisite listing conditions being met. Details and updates to the listing will be announced soon and the issue size is approx INR5000 crore ($1.1b-$1.2b). The submarine cable assets of the company span over 68k km with landings in 46 locations in 26 countries and 403 customers.