BHARTIHEXA

April 22 (Reuters) - Bharti Hexacom Ltd BHAX.NS:

• AIRTEL TO ACQUIRE 400 MHZ SPECTRUM IN 26 GHZ BAND FROM ADANI DATA NETWORKS

Source text: [ID:]

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April 9 (Reuters) - Bharti Hexacom Ltd BHAX.NS:

• PUTS SALE OF INFRASTRUCTURE BUSINESS TO INDUS TOWERS ON HOLD

• TCIL REQUESTS BHARTI HEXACOM TO START FRESH PROCESS FOR SALE

• TO UNDERTAKE FRESH EXERCISE IN CONSULTATION WITH TCIL

Source text: ID:nNSE86XJRt

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March 26 (Reuters) - India's Bharti Airtel BRTI.NS and its unit Bharti Hexacom BHAX.NS have prepaid 59.85 billion rupees ($698.20 million) to the government, fully clearing liabilities from the 2024 spectrum auctions with interest rates of 8.65%, the telecom company said on Wednesday.

($1 = 85.7200 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru; Editing by Janane Venkatraman)

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Feb 6 (Reuters) - Bharti Hexacom Ltd BHAX.NS:

• APPROVES SALE OF 3,400 TELECOM TOWERS TO INDUS TOWERS

• TRANSFER TO INDUS TOWERS VALUED AT UP TO 11,341 MILLION RUPEES

Source text: ID:nBSE9KXmR4

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Jan 28 (Reuters) - Bharti Hexacom Ltd BHAX.NS:

• GETS TAX ORDER WITH PENALTY OF 2.8 MILLION RUPEES

• GETS TAX ORDER WITH PENALTY OF 1.3 MILLION RUPEES

Source text: ID:nBSEbBz72v

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Jan 21 (Reuters) - Bharti Hexacom Ltd BHAX.NS:

• GETS TAX ORDER WITH PENALTY OF 17.3 MILLION RUPEES

Source text: ID:nBSE2VJrwR

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Updates with Swiggy's target valuation, subscriptions opening next week; Hyundai India's bid response, lacklustre debut

Oct 30 (Reuters) - Companies are rushing to go public in India this year as the stock market booms, with Swiggy's SWIG.NS $1.35 billion initial public offering opening up for subscriptions next week.

About 270 companies have raised over $12.57 billion through IPOs in India so far this year, well above the $7.4 billion raised in all of 2023, LSEG data shows.

These are the country's biggest IPOs of 2024:

* HYUNDAI MOTOR INDIA

Hyundai Motor India's $3.3 billion IPO, the first by a carmaker in India in two decades, received bids totalling $5.5 billion. However, concerns around lofty valuations and an auto industry slowdown led the company to log a lacklustre debut.

* SWIGGY

SoftBank-backed food delivery firm Swiggy is eyeing an $11.3 billion valuation on its $1.35 billion IPO, after cutting it down twice by a combined 25%, citing recent volatility in the Indian equity markets.

* NTPC GREEN

State-run NTPC's NTPC.NS green energy arm filed draft papers for a $1.2 billion IPO in September.

* BAJAJ HOUSING FINANCE

Shares of India's most valuable home loan financier have more than doubled after a blockbuster response to its $782 million IPO in September.

* OLA ELECTRIC

The electric scooter maker's $734-million IPO in August drew investor interest from the likes of Fidelity and Nomura.

* SCHLOSS BANGALORE

Brookfield-backed Leela hotels owner Schloss Bangalore filed for a $599 million IPO in September.

* BHARTI HEXACOM

Telecom operator Bharti Hexacom's BHAX.NS $511-million IPO was launched in April, attracting bids worth more than $8 billion.

* AADHAR HOUSING FINANCE

Mortgage lender Aadhar Housing Finance's AADA.NS IPO in May raised $358 million.

* GO DIGIT GENERAL INSURANCE

Insurer Go Digit GODG.NS launched its share sale in May, raising $312 million.

(Reporting by Hritam Mukherjee, Nandan Mandayam, Dimpal Gulwani in Bengaluru; Editing by Aditya Kalra, Mark Potter and Lincoln Feast.)

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Oct 28 (Reuters) - Bharti Hexacom Ltd BHAX.NS:

• SEPT-QUARTER PROFIT 2.53 BILLION RUPEES

• SEPT-QUARTER REVENUE FROM OPERATIONS 20.98 BILLION RUPEES

Source text: ID:nBSE5vDbQ2

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Adds latest details on IPOs of Hyundai Motor India, Bajaj Housing Finance, Swiggy, Schloss, NTPC Green; changes media packaging code

Oct 8 (Reuters) - Companies are rushing to go public in India this year as the stock market booms, with Hyundai Motor's 005380.KS Indian unit gearing up to launch the country's biggest initial public offering (IPO) of 2024 so far next week.

About 260 companies have raised over $9 billion through IPOs in India so far this year, more than double the amount raised in the same period last year, LSEG data shows.

These are the country's biggest IPOs of 2024:

* HYUNDAI MOTOR INDIA

Hyundai Motor India's $3 billion IPO, the first by a carmaker in India in two decades, opens for subscription next week. Its Korean parent is selling a 17.5% stake in the offering as the company targets a valuation of about $19 billion.

* SWIGGY

SoftBank-backed food delivery firm Swiggy in September filed papers for an IPO, which a source said could be worth $1.25 billion.

* NTPC GREEN

State-run NTPC's NTPC.NS green energy arm filed draft papers for a $1.2 billion IPO in September.

* BAJAJ HOUSING FINANCE

Shares of India's most valuable home loan financier have more than doubled after a blockbuster response to its $782 million IPO in September.

* OLA ELECTRIC

The electric scooter maker's $734-million IPO in August drew investor interest from the likes of Fidelity and Nomura.

* SCHLOSS BANGALORE

Brookfield-backed Leela hotels owner Schloss Bangalore filed for a $599 million IPO in September.

* BHARTI HEXACOM

Telecom operator Bharti Hexacom's BHAX.NS $511-million IPO was launched in April, attracting bids worth more than $8 billion.

* AADHAR HOUSING FINANCE

Mortgage lender Aadhar Housing Finance's AADA.NS IPO in May raised $358 million.

* GO DIGIT GENERAL INSURANCE

Insurer Go Digit GODG.NS launched its share sale in May, raising $312 million.

(Reporting by Nandan Mandayam, Dimpal Gulwani in Bengaluru; Editing by Aditya Kalra and Mark Potter)

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Aug 5 (Reuters) - Bharti Hexacom Ltd BHAX.NS:

• BHARTI HEXACOM LTD JUNE-QUARTER PROFIT 5.11 BILLION RUPEES

• BHARTI HEXACOM LTD JUNE-QUARTER REVENUE FROM OPERATIONS 19.11 BILLION RUPEES

Source text for Eikon: [ID:]

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BENGALURU, July 29 (Reuters) - Here are some details of this year's biggest initial public offerings (IPOs) in India, where stock markets are booming and Ola Electric, the country's biggest e-scooter maker, will launch its highly anticipated IPO on Thursday.

More than 150 companies have raised nearly $5 billion through IPOs between January and July, nearly double the amount raised in the same period last year, LSEG data shows.

These are the country's biggest IPOs of 2024:

* OLA ELECTRIC

The electric scooter maker's $734-million IPO will be the biggest so far this year. The company's IPO has drawn investor interest from the likes of Fidelity and Nomura.

* BHARTI HEXACOM

Telecom operator Bharti Hexacom's BHAX.NS $511-million IPO was launched in April, attracting bids worth more than $8 billion.

* AADHAR HOUSING FINANCE

Mortgage lender Aadhar Housing Finance's AADA.NS IPO in May raised $358 million.

* GO DIGIT GENERAL INSURANCE

Insurer Go Digit GODG.NS launched its share sale in May, raising $312 million.

* BHARAT HIGHWAYS INVIT

An IPO by infrastructure investment trust Bharat Highways InvIT BHAW.NS in February raised about $300 million.

* EMCURE PHARMACEUTICALS

Bain-backed drugmaker Emcure EMCU.NS, which focuses on areas such as gynaecology and HIV treatments, launched its $234 million IPO earlier this month.

* INDEGENE

Indegene INEG.NS, which provides digital services to the biopharma industry, launched its IPO in May, raising $220 million.

* HYUNDAI MOTOR INDIA (upcoming)

Hyundai Motor's 005380.KS Indian business has filed draft papers for what could be the country's biggest-ever issue of shares later this year, with plans to raise roughly $3 billion.

(Reporting by Nandan Mandayam in Bengaluru;
Editing by Aditya Kalra and Helen Popper)

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NEW DELHI, June 26 (Reuters) - India has sold airwaves worth 113.4 billion rupees ($1.36 billion) in a telecom spectrum auction that ended on Wednesday, a government source told reporters.

Bharti Airtel BRTI.NS, India's no.2 telecom operator by subscribers, has spent 68.57 billion rupees to acquire spectrum at the auction in the world's second-largest smartphone market, the company said earlier in the day.

($1 = 83.5635 Indian rupees)

(Reporting by Nikunj Ohri in New Delhi; Editing by Sohini Goswami)

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May 14 (Reuters) - Bharti Hexacom Ltd BHAX.NS:

• BHARTI HEXACOM LTD - DIVIDEND OF 4 RUPEES PER SHARE

• BHARTI HEXACOM LTD MARCH-QUARTER PROFIT 2.23 BILLION RUPEES VERSUS 2.02 BILLION RUPEES

• BHARTI HEXACOM LTD MARCH-QUARTER REVENUE FROM OPERATIONS 18.68 BILLION RUPEES VERSUS 17.33 BILLION RUPEES

• BHARTI HEXACOM LTD - MOBILE ARPU INCREASED TO 204 RUPEES IN Q4’24 VERSUS 189 RUPEES IN Q4’23

Source text for Eikon: [ID:]

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Adds analyst comment in paragraphs 5-6

By Rama Venkat

BENGALURU, April 12 (Reuters) - Bharti Hexacom's shares BHAX.NS surged 54.4% in their trading debut on Friday, beating analysts' expectations and valuing the Indian telecom operator at 440 billion rupees ($5.28 billion).

The stock opened at 755 rupees, subsequently climbing to 880 rupees. Analysts had expected the stock to list at a 10%-15% premium on its initial public offering price of 570 rupees.

So far in 2024, 64 Indian companies have gone public, raising $2.31 billion cumulatively, compared with 42 companies that $170.6 million in the same period last year, according to LSEG data.

Seventeen of the 64 companies that went public did so on the main stock exchange. Among them, Hexacom's trading pop was the second biggest so far this year. Indian EV charger maker Exicom Tele-Systems' EXIC.NS 93.3% surge on its trading debut in March was the biggest this year.

"The listing is beyond expectations and the movement thereafter even more surprising," said Arun Kejriwal, founder of Kejriwal Research and Investment Services.

"While Hexacom's IPO price was at a discount compared to what Airtel trades at, after the rise on the debut day, the companies seem to be at a similar valuation based on earnings, said Kejriwal. "One would wonder whether it makes sense to buy Hexacom or Airtel."

Billionaire Sunil Mittal-led Bharti Airtel BRTI.NS, India's No.2 telecom operator by subscribers, owns 70% of Bharti Hexacom. Bharti Airtel shares fell 0.4% at 1,224.55 rupees.

While the parent company operates across India, Bharti Hexacom offers mobile, broadband and fixed-line telephone services under the "Airtel" brand in the northwestern state of Rajasthan and some parts of northeastern India.

The 42.75-billion rupee IPO, the country's largest public issue in a year, was oversubscribed 29.88 times last week.

The Tata Group's Tata Technologies TATE.NS and JSW Group's JSW Infrastructure JSWN.NS also had strong debuts late last year, surging 180% and 32.2%, respectively.

($1 = 83.3750 Indian rupees)

(Reporting by Rama Venkat in Bengaluru; Editing by Sonia Cheema and Janane Venkatraman)

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By Rama Venkat

BENGALURU, April 5 (Reuters) - Indian telecom operator Bharti Hexacom received bids worth 702.51 billion rupees ($8.43 billion) in its initial public offering, outpacing its offer size of 42.75 billion rupees, exchange data showed on Friday.

Investors bid for 1.23 billion shares at a price range of 542 to 570 rupees per share, which was 29.88 times more than the 41.2 million shares offered, data from the National Stock Exchange of India showed.

"Looking at the demand for the IPO, expecting Hexacom to list at a 15% premium is not expecting too much," Arun Kejriwal, founder of Kejriwal Research and Investment Services, told Reuters.

The company, 70% owned by India's No. 2 telecom operator Bharti Airtel BRTI.NS, is set for its market debut on April 12.

India has seen 64 companies raise $2.31 billion cumulatively through IPOs so far in 2024, compared with $170.6 million from 42 offerings in the same period last year, according to LSEG data.

Bankers expect the momentum to persist amid rapid economic growth and expectations of political stability as the general elections start later this month.

Government-owned entity Telecommunications Consultants India offered to sell 75 million shares, representing half of its 30% stake in Bharti Hexacom. It did not issue fresh shares in the IPO.

Bharti Hexacom offers consumer mobile services, fixed-line telephone and broadband services under the brand "Airtel" in the northwestern state of Rajasthan and some parts of northeastern India.

($1 = 83.2980 Indian rupees)

(Reporting by Rama Venkat in Bengaluru; Editing by Varun H K and Shilpi Majumdar)

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Nov 22 (Reuters) -

• BHARTI AIRTEL STARTS IPO PROCESS FOR SUBSIDIARY BHARTI HEXACOM, AIM TO LIST BY 2024 - CNBC TV18 CITING SOURCES

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