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Telecommunication infrastructure provider SAR Televentures Ltd is looking to raise Rs 450 crore through a combination of Further Public Offer (FPO) and a rights issue to fund the company's expansion plans. The Noida-based SAR Televentures, which made its debut on NSE's Emerge platform in November 2023, is engaged in the business of installing and commissioning telecom towers in India. The composite public issue with a face value of Rs 2 consists of a further public offer of Rs 200 crore and a rights issue of Rs 250 crore, according to the draft offer documents filed last week. Proceeds from the issue, to the extent of Rs 273 crore will be used for funding the setting up of Fiber to the Home (FTTH) network solutions for 3 lakh home passes; Rs 42.50 crore for setting up of an additional 1,000 number of 4G/5G telecom towers; Rs 30 crore for funding incremental working capital requirement of the company. Besides, funds will be used for general corporate purposes. As part of its strateg
The government has notified new rules to make entities pay for damages that they may cause by digging or excavating to telecom infrastructure like optical fibre network and mobile towers, according to an official statement issued on Friday. According to official estimates, due to digging or excavation activities undertaken by various entities, there are nearly 10 lakh optical fibre cuts (OFC) every year that cause an economic loss of approximately Rs 3,000 crore per annum. The Department of Telecom expects that the Indian Telegraph (Infrastructure Safety) Rules 2022 was notified on January 3 will be able to curb damages caused to the telecom infrastructure and inconvenience caused to citizens because of frequent breakdown of communication services. "Many utilities can be saved from unwanted cuts and wasteful costs towards restoration, thus saving thousands of crores for businesses and associated tax loss to the government," the statement said. The rule mandates that any person or .